Interest Rates are less Important Than Economists Think
I complain about the state of modern economics a good deal because, as a market practioner and an entrepreneur, I notice that much of the textbook theoretical modeling doesn’t actually [ … ]
Practical Views on Money
I complain about the state of modern economics a good deal because, as a market practioner and an entrepreneur, I notice that much of the textbook theoretical modeling doesn’t actually [ … ]
Market Monetarism is a popular new revival in Milton Friedman’s theory known as Monetarism. The theory essentially boils down to one core idea: By controlling the demand for money via [ … ]
In his latest piece Paul Krugman defends the state of modern macro citing how much of the modern modelling was used quite effectively by certain economists (basically, himself and a [ … ]
Ever wanted a basic overview of the various schools of economics? Of course you didn’t, but I will give it to you anyhow.
I am about 100% certain I think all of the following things I think I thought of:
Does Scott Sumner know how siegniorage works in a modern fiat monetary system?
Cardiff Garcia’s post at the FT struck a good cord. He emphasized something that I think is really important – that fiscalists and monetarists can and should all get along. [ … ]
Richard Bernstein’s latest research piece has a view that I very much agree with. The Fed is traditionally a reactive entity. When the economy is running hot they tend to [ … ]
One of the more interesting developments of the electronic age of money has been the rise of Bitcoin, a decentralized digital currency. If you’re not familiar with it or you’re confused by what bitcoin is, you’re not alone. It’s actually a fairly sophisticated and complex form of money. That’s right, bitcoin is money.