Why can't we create inflation anymore? Maybe it's because money isn't what it used to be. Money used to be like a car; th...

Here's an interesting fact. Remember all those worthless Zimbabwe paper banknotes? The Reserve Bank of Zimbabwe (RBZ), Zimbabwe'...

On a recent trip to Ottawa, I stopped by the Bank of Canada. The door was locked and the building empty. Odd, I thought, why would the Ba...

Does a lowering of a central bank's interest rates create inflation or deflation? Dubbed the ' Sign Wars ' by Nick Rowe, th...

by Paul Conrad When we talk about bitcoin, one thing we need to ask ourselves is this: can worthless things circulate and be accepted i...

There's a counterintuitive meme floating around in the blogosphere that quantitative easing doesn't do what we commonly suppose. ...

Santiago skyline This post continues on the topic of the separation of the medium-of-exchange function of money from the unit-of-accou...

The Telegraph's Willard Foxton writes that Silk Road, a venue where people exchange drugs for bitcoin, is in a recession of sorts. He b...

Garett Jones did a podcast on Irving Fisher at Econtalk last week. He talked about the Great Depression and Fisher's debt deflation ...

Noah Smith asks what would happen if the Fed kept interest rates at zero forever. Specifically: Suppose that the Fed targets only one ...

David Glasner noticed a very interesting anomaly yesterday. In short, 5-year TIPS rates seem to be rising while 10-year TIPS have been fall...

In an older post , Scott Sumner had an interesting comment: The most recent inflation rate in Greece is 1.7%, whereas Spain has 1.9% infla...

Lars Christensen teaches me some interesting things about Japan and deflation in Did Japan have a “productivity norm”? See also an older p...