Thursday, 22 June 2017

Monthly Archives August 2015

Op-ed: The financial deregulation that never was

August 10, 2015

This piece was originally published by Forbes.com By Norbert Michel Why do I write so much about the myth that financial market deregulation caused the financial crisis? Because that false narrative has spread so far and wide. Even some folks who are otherwise friendly to free-markets have bought into it. So here’s one more shot: financial markets were not […]

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The gold standard

August 10, 2015

The gold standard is a commodity money standard where gold and gold-redeemable assets serve as money. The monetary unit is defined as a particular weight and fineness of gold. For example: $1 = 1/20 oz of gold. Here’s an excellent video on the gold standard featuring Lawrence H. White. Sometimes the gold standard is described […]

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Money and the rule of law

August 7, 2015

When people think of monetary economics, they tend to do so in the context of macroeconomics. The questions that are most often addressed have to do with the effects of particular monetary institutions or policies towards output, employment, inflation and other macro variables of interest. There is nothing wrong with this. In fact, understanding the macroeconomic effects […]

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On cryptocurrencies

August 5, 2015

Cryptocurrencies are digital monies (or, potential monies) that rely on cryptography to keep transactions secure and govern the supply over time. The most popular cryptocurrency to date is bitcoin. There are many others (usually referred to as AltCoins), including ripple, litecoin, and dogecoin. Following bitcoin, most cryptocurrencies are based on a publicly viewable ledger known […]

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