What follows is an essay on how my thinking on bitcoin has changed since I began to write on the topic starting with my first post in Octob...

When we first learn about money and banking in high school or university, we are all taught that money has three functions: medium of exchan...

In 2011, hedge fund manager Kyle Bass reportedly bought $1 million worth of nickels. Why on earth would anyone want to own 20 million ni...

I recently wrote two posts for the Sound Money Project about Swedish monetary innovation. The first is about an effort by the Swedish cen...

Merry Christmas and Happy New Year to all my readers. And to everyone who left a comment this year, thank you. It's always fun to debate...

A few months ago Vijay Boyapati asked me to " steel-man " the bubble theory of money. The bubble theory of money, which can o...