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Aaron Nathans

The Presidential Election and Economics

With the election in mind, here’s a roundup of some of the recent work we’ve done on the subject of presidents, politics and the economy

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Alexander W. Salter

The price of time and the price of money

When discussing the market for money balances, many reputable macroeconomics and money and banking textbooks say that the price of money is the interest rate.  This ‘liquidity preference’ theory is misguided.  The kernel of truth therein is that, in holding higher money balances, an individual is forsaking earning a nominal rate of return on assets […]

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