federal funds rate Federal Reserve Friedman rule There's water everywhere, but John Taylor wants us all to be thirsty "Water water everywhere, and not a drop to drink" - Rime of the Ancie…
cash Friedman rule fungibility George Selgin Greg Mankiw Marvin Goodfriend Miles Kimball nominal interest rates scrip shoe leather costs Tyler Cowen Paying interest on cash Freigeld , or stamp scrip, is designed to pay negative interest, but it can be …