Tuesday, February 28, 2017

Money as layers

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Source Whenever I try to come up with a metaphor for the monetary and banking system I think about the 2010 film Inception , one of my ...
28 comments:
Tuesday, February 21, 2017

Demonetization by serial number

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This continues a series of posts ( 1 , 2 , 3 ) I've been writing that tries to improve on Indian PM Narendra Modi's clumsy demone...
2 comments:
Thursday, February 9, 2017

To what extent can Trump trash the dollar?

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Donald Trump doesn't like the strong dollar, but is there anything he can do about it? Last month Donald Trump told the Wall Street...
15 comments:
Monday, January 30, 2017

Italian exit and the problem of lira shortages

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The topic of euro breakup has slowly been trickling back in the news, especially with the potential for Italy leaving the currency union...
20 comments:
Tuesday, January 17, 2017

The shrinking rupee

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Earlier this month I criticized the architects of India's recent note demonetization for not using the traditional overstamping tec...
1 comment:
Sunday, January 15, 2017

If the Fed was so aggressive, why didn't we have inflation?

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 In a recent podcast with Robert Hall, Russ Roberts asks: "If the Fed was so aggressive, why didn't we have inflation? And do...
27 comments:
Friday, January 6, 2017

Modi and the overstamping of demonetized currency

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1913 Austro-Hungarian banknote with 1919 Czechoslovak overstamp When Indian PM Narendra Modi and his small group of would-be monetary a...
7 comments:
Thursday, December 15, 2016

Small steps, not a large leap, towards less black money & more digital money

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 We are more than thirty days into Narendra Modi's demonetization campaign, and while many of the commentators I follow say that it i...
11 comments:
Wednesday, December 14, 2016

Should we legalize the act of paying a bribe?

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From the website IPaidaBribe.com A few months ago  I stumbled on Kaushik Basu's fascinating and readable  2011 paper Why, for a ...
7 comments: