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Gold and Money

Nothing seems to arouse passions—pro and con—quite like suggestions that gold should once again play a role in our money. “Only gold is money,” says one side. “It’s a barbarous relic,” says the other....

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Gold and Money, II

Last [blog post], we examined some propositions about gold as money, drawing from theory and history. [In] this [blog post] we ask whether and how gold might once again serve a monetary function. Money...

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Gold as Implicit Money

Economics encompasses two realities, the explicit and the implicit. The explicit is visible, obvious, recorded, and quoted. Explicit expenses are paid to others and recorded by accountants. The...

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Nightcap

Goldbugs for Trump Paul Krugman, New York TimesThe day the Swedes forget individualism Derrier & Savage, BBCArnold Kling is correct about Will Wilkinson askblogA history of the German people...

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