Narayana Kocherlakota, formerly the head of the Federal Reserve Bank of Minneapolis and now a prolific economics blogger, penned a recent article on the abolition of cash. Kocherlakota makes the point…

Imagine waking up in the morning and checking the hockey scores, news, the weather, and how much the central bank has adjusted the gold content of the dollar overnight. This…

Does a lowering of a central bank’s interest rates create inflation or deflation? Dubbed the ‘Sign Wars‘ by Nick Rowe, this has been a recurring debate in the economics blogosphere…

Milton Friedman’s alleged license plate, showing the equation of exchange The excruciatingly large revisions that U.S. first quarter GDP growth underwent from the BEA’s advance estimate (+0.1%, April 30, 2014)…

It’s the Roe v Wade of the blogosphere, a battle that never quite gets resolved. Nick Rowe and David Glasner have been having one of their bi-annual debates over the…