On the last day of 1945, with World War II finally behind it, Finland's government announced a new and very strange policy. All Finns we...

Milton Friedman's alleged license plate, showing the equation of exchange The excruciatingly large revisions that U.S. first quarte...

This is a guest post by Mike Sproul . Mike's last guest post is here . Scott Sumner and I have argued about the backing theory of m...

This is a guest post by Mike Sproul. Many of you may know Mike from his comments on this blog and other economics blogs. I first encounte...

1942 Japanese Invasion Philippines Peso with a JAPWANCAP Stamp In his reply to Mike Sproul, Kurt Schuler brings up the question of th...

Kurt Schuler was kind enough to host a Mike Sproul blog post, which I suggest everyone read. I think Mike's backing theory makes...

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

Here's why this blog is called Moneyness . When it comes to monetary analysis, you can divide the world up two ways. The standard...

Stephen Williamson catches a lot of flack on the net. Some is undeserved, some is deserved, but a big chunk is probably due to the fact ...