David Andolfatto had a provocative and open-ended tweet a few days back: The difference between money and debt. pic.twitter.com/CSQuLzUJP...

In places like the U.S. and Europe, it is actually difficult—if not impossible—for a government to have its central bank pay for govern...

Say the San Francisco Fed decided to secede from the Federal Reserve System or the Bank of Greece started to print its own euro notes wit...

Last week I asked whether the Federal Reserve could get rid of the $100 bill. This week let's discuss whether it should get rid of t...

Statistical agencies employ data collectors who walk up and down aisles with hand-held computers gathering sticker prices for things l...

Shibboleth , by Doris Scalcedo John Cochrane writes an interesting post that makes the case that removing or penalizing cash would no...

1685 Guinea with the bust of James II ( link ) The guinea makes a fascinating story because its evolution reveals so many different mon...

The textbook definition of money is anything that functions simultaneously as a store of value , a medium of exchange , and a medium of ac...

This is a follow up to my previous post on the monetary effects of credit cards. In this post I'll explore the idea that the use of ...

What is this gas station using as a medium of account? Visa/Mastercard dollars or Federal Reserve dollars? In this post I'll argue ...