Wednesday, June 26, 2013

Milton Friedman and the mania in "copy-paste" cryptocoins

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When I last wrote about alternative cryptocoins — the universe of small bitcoin competitors — TerraCoin and PPCoin had just debuted, b...
6 comments:
Friday, June 21, 2013

Does the zero lower bound exist thanks to the government's paper currency monopoly?

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Many moons ago Matt Yglesias wrote that the "zero lower bound is a pure artifact of the existence of physical cash."  In thi...
18 comments:
Friday, June 14, 2013

Real or unreal: Sorting out the various real bills doctrines

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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...
9 comments:
Tuesday, June 11, 2013

Adam Smith's very own Lehman Crisis

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It's interesting to see how after a credit crisis, economists start to take money and banking a bit more seriously. Adam Smith, who e...
11 comments:
Tuesday, June 4, 2013

How much are Warren Mosler's business cards worth?

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While it somewhat lacked in structure, a good time was had by everyone in the live chat section of the big Warren Mosler vs Bob Murphy debat...
53 comments:
Saturday, June 1, 2013

From intimate to distant: the relationship between Her Majesty's Treasury and the Bank of England

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James Gillray, a popular caricaturist, drew the above cartoon in 1797. In it, England's Prime Minister William Pitt the Younger is fis...
3 comments:
Monday, May 27, 2013

Disowned currency: the odd case of Iraqi Swiss Dinars

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A few months back I wrote about the odd case of the Somali shilling. Despite the fact that Somalia's central bank was looted in 1991...
2 comments:
Wednesday, May 22, 2013

A description of the moneyness market

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Imagine a market where buyers and sellers of moneyness congregate. In this post I'll flesh this market out. By moneyness I mean th...
6 comments: