My synopsis of the MOE vs MOA debate

My synopsis of the MOE vs MOA debate

| Bill Woolsey, business cycle, market monetarism, medium of account, medium of exchange, Nick Rowe, Scott Sumner, sticky prices, unit of account

Bill Woolsey , Scott Sumner ( here and here ), and Nick Rowe and a debate that was fun to follow. It seems to me that they more or less en...

A visual review of the lending facilities created by the Fed during the credit crisis

A visual review of the lending facilities created by the Fed during the credit crisis

| charts, Federal Reserve, lender of last resort, Liquidity insurance

I'm currently updating my History of the Fed chart . As a side project, here's what's happened to the various Federal Reserve cr...

The Social Contrivance of Money... a bit contrived?

The Social Contrivance of Money... a bit contrived?

| Bob Murphy, fiat money, Nick Rowe, Paul Krugman, Paul Samuelson

An Old Man and his Grandson , circa 1490. Domenico Ghirlandaio The title of this post comes from this Paul Samuelson paper. Paul Krugman m...

No need to ban cash to avoid the zero-lower bound problem

No need to ban cash to avoid the zero-lower bound problem

| Bill Woolsey, cash, Scott Sumner, Silvio Gesell, Tyler Cowen, zero lower bound

Tyler Cowen and Scott Sumner discuss the idea of abolishing central bank-issued cash. The existence of cash can create problems for moneta...

Data visualization: The size of major bull markets

Data visualization: The size of major bull markets

| charts, stock market and equities

Barry Ritholtz at The Big Picture spotlighted my most recent chart, "The size of major bull markets." You can purchase it on pap...

What would destroying a central bank's assets do?

What would destroying a central bank's assets do?

| backing theory of money, Bill Woolsey, David Andolfatto, fiat money, fundamental value, Gavyn Davies, inflation, Mike Sproul, Nick Rowe, Stephen Williamson

Gavyn Davies's post Will central banks cancel government debt? dovetails nicely with the recent fundamental value of fiat money debate....

Data visualization: breaking down The Economist's classic chart style

Data visualization: breaking down The Economist's classic chart style

| charts