[This is a guest post by Mike Sproul . Mike has posted a few times before to the Moneyess blog.] Here is a summary of the Federal R...

[This is a guest post by Mike Sproul . Mike has posted a few times before to the Moneyess blog.] “If the Treasury were to fill old...

Jacob Little , legendary short seller. The Great Bear of Wall Street 1794 - 186 This is a guest post by Mike Sproul To unders...

One of the coining press rooms in the Tower of London, c.1809 [ link ] [This is a guest post by Mike Sproul .] The law of reflux t...

This is a guest post by Mike Sproul . Mike's last guest post is here . Scott Sumner and I have argued about the backing theory of m...

This is a guest post by Mike Sproul. Many of you may know Mike from his comments on this blog and other economics blogs. I first encounte...

Kurt Schuler was kind enough to host a Mike Sproul blog post, which I suggest everyone read. I think Mike's backing theory makes...

I'm running into a lot of central bank doubt lately. Mike Sax and Unlearning Economics , for instance, both question the ability of ...

In the comments section of my post on Adam Smith and the Ayr Bank , frequent commenter John S. brought up the real bills doctrine . The p...

Real t-bill and bond yields have been falling for decades and are incredibly low right now, even negative (see chart below). With an eye ...