The Fed and asset bubbles
byIn his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued…
Money
John Law – 300 years on
byMost people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble,…
What causes the acceptance of paper money?
byDemand for a good arises because of its perceived benefit. For instance, people demand food because of the nourishment it offers them. This is…
Who Would Invest in a Gold Bond?
byBerkshire Hathaway CEO Warren Buffet famously dismissed gold. “Gold has two significant shortcomings, being neither of much use nor procreative.” I have recently written…
The BIS Takes Aim At Cryptocurrencies: Do They Understand The Economics Of Cool?
byTo help understand the genuinely transformative business technology of blockchain in the context of cryptocurrency hype, Wharton professor David Werbach encourages the distinction to…
James Madison’s Essay on Money
byThe following is by James Madison, the primary author of the US Constitution and fourth president. For those who wish to get a…
The Case for A Gold Currency Part 2: Wages and Growth: Higher Under Classical Gold Standard
byBy Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
The Case for A Gold Currency: Part 1
byBy Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
Money out of “thin air” and economic cycles
byAccording to the Nobel Laureate in Economics, Milton Friedman, the root of the business cycle is the fluctuations in the growth rate of money…