Lawrence H. White

Studying private currencies since before they became cool. Prof of Economics at George Mason U. Latest book = Better Money: Gold, Fiat, or Bitcoin? (2023).

[Lawrence H. White @lawrencehwhite1]

Almost everyone talking about the #coronavirus is displaying strong confirmation bias. Which only goes to prove what I’ve always said.

[Lawrence H. White @lawrencehwhite1]

@GarettJones And the IMF as well?!

[Lawrence H. White @lawrencehwhite1]

@GuthmannR Oh, so you studied with Wallace?

[Lawrence H. White @lawrencehwhite1]

@AaronSepulvedaC I put a question about the Knightian theory of bombing on one of macro exams.

[Lawrence H. White @lawrencehwhite1]

@wwwojtekk But don’t some editors shirk by rejecting any paper that gets a single negative report?

[Lawrence H. White @lawrencehwhite1]

@iang_fc “How did you meet?” “The government matched us!”

It’s a Brave New World.

[Lawrence H. White @lawrencehwhite1]

NPR this morning earnestly discussed “the affordability crisis.” Households at the bottom are hurting in relative terms, but that’s always true. Real median household income has steadily risen since 2022 at the 50th, 25th, and 10th percentiles. Why is now being called a crisis?

[Lawrence H. White @lawrencehwhite1]

@GarettJones Maybe the expanding supply of UST bonds is starting to saturate the global market, i. e. we’re moving along the demand curve.

[Lawrence H. White @lawrencehwhite1]

@RebelEconProf Because this situation absolutely requires a really futile gesture be done on somebody’s part. And you’re just the guy to do it.

[Lawrence H. White @lawrencehwhite1]

This photo makes me think that Trump wanted a model 7 feet by 7 feet, but he wrote 7” x 7” on a napkin,

[Lawrence H. White @lawrencehwhite1]

@VincentGeloso Didn’t SNL already parody this years ago?

[Lawrence H. White @lawrencehwhite1]

@ATabarrok Gee, Alex, this post doesn’t sound like you.

[Lawrence H. White @lawrencehwhite1]

@dgwbirch Many many “how to fix your computer” YouTube videos are phishing scams.

[Lawrence H. White @lawrencehwhite1]

@brew56200 I’m afraid that we have plenty of evidence of commodity monies being used in spot transactions between strangers. Money for goods, no credit involved.

[Lawrence H. White @lawrencehwhite1]

“Money has always been credit.” Cowrie shells were credit? Hacksilber was credit? Gold coins were credit?

[Travis Brewer @brew56200]

@GeorgeSelgin After reading Jim Schroeder’s article you shouldn’t take ANY Austrian seriously

[Lawrence H. White @lawrencehwhite1]

@GeneSohoForum Hayek reported that Erhard told him this story. See my _The Clash of Economic Ideas_, p. 231, fn. 1.

[Lawrence H. White @lawrencehwhite1]

@ismurray Or Scrooge McDuck.

[Lawrence H. White @lawrencehwhite1]

@jmhorp Would make more sense with Federal Reserve chairs than with presidents.

[Lawrence H. White @lawrencehwhite1]

@PeterBoettke There’s a fair percentage of nonsense in the 19th century pamphlet literature on money and banking. But the cost of publishing kept the absolute amount low.

[Lawrence H. White @lawrencehwhite1]

@cptsat @GeorgeSelgin If one’s purpose is storage with immediate redeemability, one may indeed prefer a warehouse. But if one’s purpose is low cost payments, one may instead prefer a fractional reserve bank (no storage fee, interest on checking).

[Lawrence H. White @lawrencehwhite1]

@DominicJPino Ditto the Chai Latte situation.