Fedcoin

Fedcoin

| anonymity, bitcoin, cash, Fedcoin, Federal Reserve, Fedwire, fintech, Ripple, zero lower bound

Recent posts by Adrian Hope Baille and Sina Motamedi have got me thinking again about the idea of the Federal Reserve (or any other centra...

Draghi's fake zero-lower bound and those pesky €500 notes

Draghi's fake zero-lower bound and those pesky €500 notes

| cash, ECB, nominal interest rates, zero lower bound

Having reduced the ECB's overnight target rate to +0.05% and the deposit rate to -0.2%, Mario Draghi confidently told those assembled at...

Why loonies circulate but Susan B. Anthony dollars don't

Why loonies circulate but Susan B. Anthony dollars don't

| Bank of Canada, bitcoin, cash, coins, Federal Reserve

What causes a new currency to survive while others fail? Why do some cryptocoins never see the light of day while others enjoy successful la...

Deep money, the coexistence puzzle, and the legal restrictions hypothesis

Deep money, the coexistence puzzle, and the legal restrictions hypothesis

| bills of exchange, cash, coexistence puzzle, David Andolfatto, Larry White, legal restrictions hypothesis, microfoundations, Neil Wallace, new monetarism, Stephen Williamson

WWI Liberty bonds, which according to Neil Wallace circulated alongside Federal Reserve notes What follows are some thoughts on the coexiste...

From corporate bonds to a fiat CPI standard

From corporate bonds to a fiat CPI standard

| cash, chartalism, David Glasner, fiat money, liquidity premium, open market operations

Michigan Central Railroad 3.5% Bearer Bond with attached coupons, 1902 David Glasner is frustrated that there is no satisfactory theory of ...