Friday, January 18, 2013

Stephan Ewald — Cash Is King

So there’s this convoluted debate between Steve Waldman and Paul Krugman about the nature of base money. Izabella Kaminska from FT Alphaville wrote today a nice summary. Waldman and Krugman label their various arguments as wonkish. I would refer to this debate as a very helpful exercise to completely obscure the subject: what is the nature of base money?
GIGO
Cash Is King
Stephan Ewald

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