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Kocherlakota on cash

Kocherlakota on cash

joni September 02, 2016 Add Comment anonymity, Bill Woolsey, Bitcoin, cash, Fedcoin, fintech, free banking, George Selgin, Kurt Schuler, Larry White, Narayana Kocherlakota, Nick Rowe, Scott Sumner, stablecoin, usury, zero lower bound Edit

Narayana Kocherlakota, formerly the head of the Federal Reserve Bank of Minneapolis and now a prolific economics blogger, penned a recent ar...

Freshwater macro, China's silver standard, and the yuan peg

Freshwater macro, China's silver standard, and the yuan peg

joni Agustus 03, 2015 Add Comment China, gold standard, Great Depression, Milton Friedman, Paul Krugman, Scott Sumner, sticky prices, Thomas Sargent Edit

1934 Chinese silver dollar with Sun Yat-sen on the obverse side. The ship may be in freshwater. I have been hitting my head against the wall...

Cracks in the zero-lower bound

Cracks in the zero-lower bound

joni Januari 04, 2015 Add Comment anonymity, cash, John Cochrane, medium of account, Miles Kimball, Scott Sumner, zero lower bound Edit

Shibboleth , by Doris Scalcedo John Cochrane writes an interesting post that makes the case that removing or penalizing cash would not remo...

The market monetarist smell test

The market monetarist smell test

joni Oktober 12, 2014 Add Comment market monetarism, Miles Kimball, Scott Sumner Edit

I gave myself a quick whiff this week to determine if I pass the market monetarist smell test. This is by no means definitive, nor is this a...

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

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

joni Juni 29, 2014 Add Comment Irving Fisher, money illusion, Scott Sumner, stock market and equities, System of National Accounts Edit

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...

Scott Sumner vs. the Real Bills Doctrine

Scott Sumner vs. the Real Bills Doctrine

joni Juni 03, 2014 Add Comment Federal Reserve, John Law, Mike Sproul, quantity theory of money, real bills doctrine, Scott Sumner Edit

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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