September 2014

The law of reflux

One of the coining press rooms in the Tower of London, c.1809 [ link ] [This is a guest post by Mike Sproul .] The law of reflux thus assure...

1685 Guinea with the bust of James II ( link ) The guinea makes a fascinating story because its evolution reveals so many different monetary...

Photo by Spencer Tunick , Netherlands 8 (Dream Amsterdam Foundation) 2007 [ link ] If short sellers are considered to be the Mussolinis of t...

The textbook definition of money is anything that functions simultaneously as a store of value , a medium of exchange , and a medium of acco...

Having reduced the ECB's overnight target rate to +0.05% and the deposit rate to -0.2%, Mario Draghi confidently told those assembled at...