I like to say that everything is money, which is just another way of saying that all goods are liquid to some degree or other. Whether it...

'...the peculiar feature of a money economy is that some commodities are denied a role as potential or actual means of payment. To st...

In his broad account of monetary economics, Nick Rowe points out that most modern economies are closer to being pure monetary exchange e...

I've been playing the game of Settlers of Catan for ages. Over time I've gotten less cutthroat and more philosophical about...

For diligent readers who have trudged through my first two post on Yap stones ( here and here ), I promise this will be my last on the...

There is a century's old debate between metallists and chartalists on the origin of money. The metallist view is that the first spar...

The response to the above question will usually be a barter economy. But I want to show you that this is a tougher question than it se...