Bringing back the Somali shilling

Somalia has long played host to one of the world's strangest monetary phenomenon, a paper currency without a central bank. I explored th...

The dematerialization of cash

"One dollar bill," watercolour by Adam Lister ( source ) R3, a company specializing in distributed ledger technology, has just pos...

Why the American taxpayer might prefer a large Fed balance sheet

David Andolfatto and Larry White have been having an interesting debate on the public finance case for having a large (or small) Federal R...