Tag Archives: money

More on gay economics

Yesterday I posted on Niall Ferguson’s claim that Keynes was a bad economist because he was gay and a Bloomsbury aesthete. I argued that Ferguson’s claim was consistent with his desire to “naturalize” economics, to make it bear a relation to biological law, and quoted the Ascent of Money to make the argument. And now […]

The Bitcoin Bubble

Bitcoins are a kind of money, but with no physical substance. They were invented by an unknown group of computer programmers early in the last decade. The designers imagined them as an alternative money, free from control by government. They’re “made” by software which is highly protected, so you can’t simply just make more yourself. […]

Going for the Gold

The Republican Party’s 2012 platform calls for the establishment of a “Gold Committee,” to explore ways of returning to the gold standard. It would also call for or conduct an audit of the Federal Reserve. The gold standard has been a favorite hobby of the GOP, off and on, for many years. The last gold […]

Money and Making Sense

You say you don’t really understand money? You’re in good company–look at  how J.P.  Morgan, the titan of Wall Street, king of the bankers, richest man in the world, talked about money. Morgan is here testifying before the Pujo committee, investigating the Panic of 1907.1 The Committee’s counsel, Samuel Untermyer, asks Morgan if controlling credit, […]