Borges problem cash coins Dror Goldberg fiat money Nick Rowe Stephen Williamson More fiatsplainin': let's play fiat-or-not The (Great) Tower of Babel , 1563, Bruegel the Elder. "Therefore is the na…
Federal Reserve George Selgin liquidity premium Milton Friedman nominal interest rates Stephen Williamson Is the Fed breaking the law by paying too much interest? George Selgin had an interesting post describing how the Fed appears to be bre…