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