week about how to account for the value of fiat money and the rate of inflation. As I observed in a recent post, I am doubtful that monetary theory, in its current state, can handle those issues...
https://uneasymoney.com/2014/05/06/monetary-theory-on-the-neo-fisherite-edge/#comment-156713
Mitch, "The example I was asking you to contemplate was if Congress passed a usury law that forbade the making of loans at below a certain rate." Okay, my first question is Congress a borrower, a...
https://uneasymoney.com/2014/05/06/monetary-theory-on-the-neo-fisherite-edge/#comment-142989
Frank Resty: The example I was asking you to contemplate was if Congress passed a "usary" law that forbade the making of loans at below a certain rate. I fail to see how the introduction of such ...
https://uneasymoney.com/2014/05/06/monetary-theory-on-the-neo-fisherite-edge/#comment-142839
Mitch, "Let’s forget about the Fed. Suppose Congress, by fiat, simply decided at what rate loans were allowed to be made. (And we’ll also suppose that the ban cannot be evaded.) Let’s suppo...
https://uneasymoney.com/2014/05/06/monetary-theory-on-the-neo-fisherite-edge/#comment-142328
Two points: First, regarding Bitcoin. Those who think it is anonymous - especially from the government - are in for a rude shock when they learn how Bitcoin actually works. In fact, every transac...
https://uneasymoney.com/2014/05/06/monetary-theory-on-the-neo-fisherite-edge/#comment-130494
Diego, re: expectations: http://informationtransfereconomics.blogspot.com/2014/05/the-effect-of-expectations-in-economics_5.html It's the 4th in a series of posts.
https://uneasymoney.com/2014/05/06/monetary-theory-on-the-neo-fisherite-edge/#comment-129877
Doesn't "all about expectations" equal "Keynesian uncertainty"?
https://uneasymoney.com/2014/05/06/monetary-theory-on-the-neo-fisherite-edge/#comment-129337
Benjamin Cole, check out Jason's blog above. I have no idea if he's correct or not, but AFAIK the information transfer model (ITM) way of looking at some of these questions is unique and even sug...
https://uneasymoney.com/2014/05/06/monetary-theory-on-the-neo-fisherite-edge/#comment-123586
In commenting on my second post on why I don't like the backwards induction argument, a friend commented that bitcoins were like trading cards---i.e. a community of people had agreed to use them....
https://uneasymoney.com/2014/05/06/monetary-theory-on-the-neo-fisherite-edge/#comment-123093
I entirely agree that the value of Bitcoins are very weakly anchored, hence the wild gyrations in price. I don't like the notion of bubbles, since they can only exist through the inability to pre...
https://uneasymoney.com/2014/05/06/monetary-theory-on-the-neo-fisherite-edge/#comment-123083