I recently tweeted something about the world's largest stablecoin, Tether. It gives me an opportunity to ask a broader question about mo...

John Maynard Keynes and Harry Dexter White, who contributed to the design of the Bretton Woods system David Glasner's piece on the...

One of the coining press rooms in the Tower of London, c.1809 [ link ] [This is a guest post by Mike Sproul .] The law of reflux t...

It's the Roe v Wade of the blogosphere, a battle that never quite gets resolved. Nick Rowe and David Glasner have been having one of ...

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 the comments section of my post on Adam Smith and the Ayr Bank , frequent commenter John S. brought up the real bills doctrine . The p...

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...

I had a few comments on a recent David Glasner post. Basically, I was trying to understand the way he reconciles various aspects of the mon...