The law of reflux

The law of reflux

| Mike Sproul, reflux

One of the coining press rooms in the Tower of London, c.1809 [ link ] [This is a guest post by Mike Sproul .] The law of reflux thus assure...

Scott Sumner vs. the Real Bills Doctrine

Scott Sumner vs. the Real Bills Doctrine

| Federal Reserve, John Law, Mike Sproul, quantity theory of money, real bills doctrine, Scott Sumner

This is a guest post by Mike Sproul . Mike's last guest post is here . Scott Sumner and I have argued about the backing theory of money ...