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Brian C. Albrecht

Money and the Future of Macroeconomics

Following the financial crisis and Great Recession, many bloggers (and some economists) have expressed disappointment with the state of macroeconomics. Randall Wright offers a more optimistic perspective.

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Scott Burns

Just Say No (to the Petro)

Venezuela recently launched its own cryptocurrency. If recent history is any indicator, investors should steer clear.

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Alexander W. Salter

Money as a Social Institution

If the language of commerce is quid pro quo, money is its grammar.

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J.P. Koning

Bitcoin and the Dodo-Bones Theory of Money

The fact that Anderson’s theory of money seems to fail the Bitcoin test forces us to question our long tradition of issuing new coins that contain precious metals, or banknotes redeemable for some other, already valuable instrument.

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Nicolas Cachanosky

Economists Are Not Like Doctors

If macroeconomists do not want to take responsibility for crises, then they should refrain from endorsing unstable monetary institutions.

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Max Gulker

Smart Contracts May Be Revolutionary, but We’ll Still Need Lawyers

Many people who are bullish on blockchain make grandiose claims that the technology will completely overhaul industries and institutions. But these claims often ignore the complexity of the real world and misunderstand what revolutionary technologies actually do.

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