One country, two monetary systems
I often write about odd monetary phenomena on this blog. Here's a new conte…
Showing posts with label fungibility. Show all posts
Showing posts with label fungibility. Show all posts
Revisiting stablecoins
Source: Gravity Glue (2014) Cryptocurrencies were supposed to destroy the trad…
David Andolfatto
fungibility
Larry White
medium of account
medium of exchange
Nick Rowe
Scott Sumner
The difference between two colourful bits of rectangular paper
David Andolfatto had a provocative and open-ended tweet a few days back: The di…
Two notions of fungibility
A few centuries ago, lack of fungibility used to be a big weakness of monetary …
Tainted money
In many parts of the world, cash held in ATMs or in cash-in-transit vehicles is…
cash
Friedman rule
fungibility
George Selgin
Greg Mankiw
Marvin Goodfriend
Miles Kimball
nominal interest rates
scrip
shoe leather costs
Tyler Cowen
Paying interest on cash
Freigeld , or stamp scrip, is designed to pay negative interest, but it can be …
An example of tax-driven money during the greenback era
Cartoon from 1864 poking fun at politicians and greenbacks ( source and explana…
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