Bringing back the Somali shilling joni Maret 26, 2017 Add Comment coins, dollarization/euroization, fiat money, hysteresis Edit Somalia has long played host to one of the world's strangest monetary phenomenon, a paper currency without a central bank. I explored th... Read More
From corporate bonds to a fiat CPI standard joni Mei 14, 2014 Add Comment cash, chartalism, David Glasner, fiat money, liquidity premium, open market operations Edit Michigan Central Railroad 3.5% Bearer Bond with attached coupons, 1902 David Glasner is frustrated that there is no satisfactory theory of ... Read More