William J. Luther
The MIT Bitcoin Project
The MIT Bitcoin Project plans to give $100 worth of bitcoin to every undergrad at MIT. Why would they do that?
Unconventional monetary policy: not all assets are created equal
The types of assets the Fed has purchased are very different from assets purchased in the past.
Unconventional monetary policy? Or, asset purchasing (only more so)
The Fed has presided over a massive expansion of the monetary base in recent years. But is this unconventional?
Deflationphobia strikes again!
In last week’s briefing, The Economist magazine worries that current spending on consumption and investment will fall if individuals believe money will be more valuable in the future.
Does the Fed set the rate?
It drives me nuts when people say the Federal Reserve sets the interest rate. Ditto for claims that the Fed raises or lowers the rate. Basically, any mention of rate […]
Currency union concerns in Scotland
Britain’s distaste for a bilateral currency union agreement is not a concern. Indeed, Scots should rejoice!
Friedman vs. Hayek on currency competition
Although it might be sensible to prefer competition in currency, there are reasons to believe Hayek’s particular proposal would fail to function as intended.
