The Economist — On the origin of specie

Theories on where money comes from say something about where the dollar and euro will go

The Economist
On the origin of specie
(h/t Miles Kimball at Confessions of a Supply-Side Liberal)

Way out of paradigm. The Economist?

MONEY is perhaps the most basic building-block in economics. It helps states collect taxes to fund public goods.

At least Charles Goodhart and Cartalism are featured. Progress.

Robert Murphy reviews David Graeber's "Debt"

This book is just as audacious as its title suggests: Graeber, an anthropologist, walks the reader through the history of debt. How seriously does the author take his task? Consider: he devotes the 38 pages of Chapter 5 to constructing “A Brief Treatise on the Moral Grounds of Economic Relations.” Inasmuch as Graeber takes aim at the economist’s standard account of the origin of money, his book presents a formidable challenge. Yet on close examination, Graeber’s ambitious and scathing assault largely misses the mark.

I do not have many kind things to say about Graeber’s book, but my objections are focused on his critique of economists and their explanation for the emergence of money.

Read it at The American Conservative
Origin of the Specie

by Robert P. Murphy | Pacific Research Institute

Surprise. Murphy doesn't like it. You know, a priori reasoning is always better than a posteriori evidence in science.