Earlier this week Apple announced a 7:1 stock split. Each share of Apple, currently trading for around $570, will be worth about $80 af...

The blogosphere has been slowly shifting from worrying about the tepid nature of the current recovery to biting its nails over the timing...

This is a follow up to my previous post on the monetary effects of credit cards. In this post I'll explore the idea that the use of ...

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...

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 ...

A few weeks ago I claimed that the so-called value premium was really just a liquidity premium. The value premium, illustrated best by ...

In a previous post , I made the point that banknotes aren't Samuelsonian bubble assets , say like a chain letter or a ponzi scheme o...

What is this gas station using as a medium of account? Visa/Mastercard dollars or Federal Reserve dollars? In this post I'll argue ...

 The "High minus low" strategy: Source   If you haven't read Clifford Asness and John Liew's recent article on marke...