It was the best of times, it was the worst of times

You may know by now that the final revision of U.S. first quarter GDP revealed a shocking 2.9% decline while its mirror image, gross domest...

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Bitcoin for charities

The Bitcoin technology has a lot to offer to the non-profit sector. This message permeated the Bitcoin in the Beltway conference. It doesn’...

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The monetary economics of the roll-up

The so-called corporate "roll up" lies at the conjunction of finance and monetary economics. For those monetary econom...

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When the good drives out the bad

There's a fairly regular monetary phenomenon that needs a name. It's similar in nature to Gresham's law, yet the inverse version...

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Why loonies circulate but Susan B. Anthony dollars don't

What causes a new currency to survive while others fail? Why do some cryptocoins never see the light of day while others enjoy successful la...

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Scott Sumner vs. the Real Bills Doctrine

This is a guest post by Mike Sproul . Mike's last guest post is here . Scott Sumner and I have argued about the backing theory of money ...

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