Monetary Theory

George Washington University President Stephen Joel Trachtenberg steps down today after 19 years in office. As a onetime GW student and longtime neighbor of the school, I long held a mixed view of Trachtenberg's tenure, on the one hand applauding his efforts to develop the physical campus—...

The ancient transgressions of murder, pillage, bestiality, thievery, and rape still shout from the headlines. O Tempora, O Mores, as the ancients proclaimed in dismay a couple millennia ago: meaning what crummy people, what crummy times. They ought to read this morning's paper — they'd yearn for...

Sophistpundit gives What Has Government Done to Our Money (print,...

In a neat admission that his bosses are rotting the money in our pockets, Chicago Fed economist Francois Velde has come up with a bright idea: debase the nickel by a factor of five!

"The problem [of the...