Haiti is home to a strange monetary phenomenon. Shopkeepers and merchants set prices in the Haitian dollar , but there is no actual thi...

The recent bitcoin chain split got me thinking again about bitcoin-as-money, specifically as a unit of account . If bitcoin were to serve...

Economists are sometimes guilty of misrepresenting real-world liquid objects as living examples of the abstract variables populating th...

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

Florentine florin Last year Scott Sumner introduced the econ blogosphere to what he likes to call the medium-of-account function of...