Nick Rowe has a post that decries the idea of money as a store of value. He asks: How much would I have been willing to pay for my house ...

The argument about ECB Target2 imbalances, an argument which began in mid 2011 with this article, continues to be reignited in various are...

A few thoughts on the IMF and SDRs over at the Money View . The IMF and the SDR program are difficult to de-consolidate: As far as I kn...

Perry Mehrling wrote an interesting post called Why did the ECB LTROs help? He visits the comparison of the Federal Reserve Interdistrict ...

Nick Rowe writes a post called Macroeconomics and the Celestial Emporium of Benevolent Knowledge . It is a conjunction of a bunch of theme...

I didn't comment much on the great debt debate, stirred up a Krugman post called Debt Is (Mostly) Money We Owe to Ourselves , but fol...

Tyler Cowen posts on Is there an easy way out of the eurozone? He notes it would be harder than Robert Barro thinks. I agree. My comment...

Lord Keynes continues to squabble with the Austrians on the origins of money in two separate posts, one on Adam Smith and the other on Mise...

Stephen Williamson talks about clearing and settlement systems, in particular Fedwire. I learn that the Fed offers daylight overdrafts on a...