Italian exit and the problem of lira shortages

The topic of euro breakup has slowly been trickling back in the news, especially with the potential for Italy leaving the currency union, a...

The shrinking rupee

Earlier this month I criticized the architects of India's recent note demonetization for not using the traditional overstamping techniq...

If the Fed was so aggressive, why didn't we have inflation?

 In a recent podcast with Robert Hall, Russ Roberts asks: "If the Fed was so aggressive, why didn't we have inflation? And does th...

Modi and the overstamping of demonetized currency

1913 Austro-Hungarian banknote with 1919 Czechoslovak overstamp When Indian PM Narendra Modi and his small group of would-be monetary archit...