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Sunday, July 28, 2013

Unlearning Economics — Brief Thoughts on the Real Bills Doctrine

There was a brief but interesting conversation on my post on the neutrality of money, between me and commenters Blue Aurora and Dinero, centering around the Real Bills Doctrine (RBD). I had not really looked into the RBD in too much depth before, but it seems like a natural ally of endogenous money (and MMT) theory, and it adds a lot of insights that, in my opinion, the Quantity Theory of Money (QToM) lacks.
Unlearning Economics
Brief Thoughts on the Real Bills Doctrine


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