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James L. Caton

Using Dichotomy to Teach Monetary Theory

Monetary theory is beautifully simple. The fundamental principle of economization underlies decisions to hold money or goods and what form of money to hold.

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Brian C. Albrecht

Money in a Near-Cashless Society

Many models in macroeconomics ignore money. A new paper by Ricardo Lagos and Shengxing Zhang suggests that is a mistake.

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J.P. Koning

Stablecoins

Can stablecoins compete with existing government currencies?

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surgery-hospital
Paz Gómez

New York Hospitals Suffer from Blockade on Profits

A little-known fact about New York state is that it has virtually no for-profit community hospitals. Thanks to laws in place since the mid-1960s, the Empire State effectively bans hospital ownership by corporations and discourages private investment.

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