I have been working on The Almighty Dollar, a 500-year history of the world's most powerful money, for seven years. It changed the way I thought about money. It will be available on May 19th. People who have read it seem to like it. https://t.co/NJzoUMaS8k
I have been working on The Almighty Dollar, a 500-year history of the world's most powerful money, for seven years. It changed the way I thought about money. It will be available on May 19th. People who have read it seem to like it. https://t.co/NJzoUMaS8k
I found this Odd Lots episode with @bhgreeley informative and entertaining.
I don't know why @tracyalloway refers to herself as a "former journalist," though. This podcast is good journalism, IMO.
https://t.co/7hNAG9r37O
From financial journalist covering the FOMC to financial historian writing a 500-year history of the dollar, @bhgreeley delivers! Fun and informative show today with @bhgreeley on his new book and his career journey.
What fundamentally is a dollar and who actually controls it?
On this episode of the Odd Lots podcast, @bhgreeley tells @TheStalwart and @tracyalloway why the dollar is a lot older than you might suspect and goes way beyond the US and implicates the whole world. Listen at https://t.co/4IGHjM8pZe or watch at https://t.co/RkS8xgB3IL .
What I've been reading this weekend--and is off to an (unsurprisingly) excellent start. By @ChadBown & @SoumayaKeynes.
Will post a review when I'm done.
@GeorgeSelgin I'm curious to see what you think of my book, George. I think you'll disagree with some of my conclusions, but we still share a basic framework for thinking about how money is created.
Interesting in the context of @bhgreeley’s new book on the dollar, in which he argues that Spain suffered from an early form of ‘Dutch disease’ once silver began flowing out of the Americas.
@john_at_swan@cutupcado Sure. But monetary deflation can also happen when static base money accompanies economic growth -- through population or productivity. What we've seen in the past when this happens is exit. Rather than submit to deflation, people come up with their own local credit regimes.
@john_at_swan@cutupcado The second is that no matter what the base asset is, it's hard to prevent people from establishing credit relationships with each other. Credit needs rules, rules need enforcement, and eventually you end up with a system that looks a lot like the one we have.
@john_at_swan@cutupcado I see two challenges with bitcoin as a base asset. The first is that it's inherently deflationary. Even if you subdivide into sats, the sats are inherently deflationary. Historically people have hated deflation as much as they have hated inflation.
Father's Day is on June 21. You know what dads like? Books about history. You know what else dads like? Books about money. I've got you. I've solved your problem. Dad will be happy. https://t.co/NJzoUMaS8k
A book is born!!! 📕 Check out How to Win a Trade War just out from the brilliant @SoumayaKeynes and @ChadBown. They wrote a smart, funny, fascinating, page turner about… global trade. Get it today! (featured with my prized possession: a purse made from Venezuelan Bolivars)