The case for banning gold mining
The Kalgoorlie Super Pit Mine in Australia Does the world need gold mining? Le…
Bitcoin is an account, not a token
When economists talk about payments, they often make a distinction between toke…
How the pandemic has clogged the global economy with paper currency
The outbreak of Covid-19 has caused a global increase in the amount of cash in …
Pennies as state failure
We can all think of examples of state failure. The most obvious include the ina…
Bitcoin is more like ham radio than the early internet
People in the bitcoin community often make fun of me as a nocoiner . That is, I…
Bank of Canada
cash
Federal Reserve
fiat money
inflation
nominal interest rates
Riksbank
seigniorage
Is fiat money to blame for the Iraq war, police brutality, and the war on drugs?
I often encounter memes claiming that fiat money is to blame for all sorts of g…
Banks are slow to increase rates on savings accounts, but quick to reduce them
Chase Sunset & Vine, 2012. Painting by Alex Schaefer There is a fundamental…
Want to open an account at the central bank? I'll pass, thanks
The only type of central bank-issued money that we hoi polloi can own are bank…
Bank of Canada
central bank independence
collateral
debt
lender of last resort
monetary policy
open market operations
quantitative easing
zero lower bound
How the Bank of Canada's balance sheet went from $118 billion to $440 billion in eight weeks
Ever since the coronavirus hit, the Bank of Canada's balance sheet has been…
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