I always like reading fund manager John Hussman because he writes very well, but I feel like he's dug himself into a bit of an intel...

Will the Bank of Japan's negative rates work? Many people say no, among them Louis-Phillippe Rochon : Sadly, they won't. The...

Roaming around the econ blogosphere, I often come across what seems to be a sharp divide between those who think monetary policy is all a...

Don Randi Trio +1 at the Baked Potato , Poppy Records, 1971. [ link ] In this post I'll argue that: 1. When it comes to financi...

Elijah and the Widow of Zarephath James Tobin wrote a paper back in 1963 called Commercial Banks as Creators of Money in which he poi...

In trying to understand how modern monetary policy works, I find it useful to create parables, or alternate monetary worlds, and put them...

Dreaming of Immortality in a Thatched Cottage - 1500s Exogenous/endogenous money , reflux , hot potato money , helicopter money , inel...

The Rowe/Glasner/Sproul debate continues over hot potato-ish-ness of money. Here is Nick Rowe: The hot potatoes simply pass from one h...

David Glasner finally chimed in on the subject of endogenous money. I pretty much agreed with everything he said on the topic of bank money...