Joakim Book

OK, Matt Odell—bless his soul—is clearly not reading MONEY CLASSes, and thus he missed the upbraiding he received the other week (https://stacker.news/items/809392/r/denlillaapan). Instead, in last week’s Rabbit Hole recap he doubled down on this

I meant to make this a regular FT article link post, since Martin Sandbu wrote "The battle for the global payments system is under way" today... without a mention of bitcoin. BUT because this revolutionary shitcoin disaster isn't playing ball this

WELCOME BACK! I've definitely neglected my econ educational duties as of late (MONEY CLASS origin: https://stacker.news/items/738907/r/denlillaapan, https://stacker.news/items/733580/r/denlillaapan, all entries here) Yesterday, my fellow Swede

Wonderful write-up/long-read in the Financial Times today—though missing the necessary money element and snarkiness so happily provided by yours truly. "The Lucrative Business of Airline Loyalty Schemes" gives us a lay of the land of the airline

Been on this beat a while now (e.g., https://stacker.news/items/809392/r/denlillaapan and https://stacker.news/items/834099/r/denlillaapan). Look, money ≠ wealth. Confusing the two is a perennial problem of Bitcoiners and precoiners alike. Makes me

One fiat/legacy/mainstream economist I truly respect is Josh Hendrickson (see https://stacker.news/items/726878/r/denlillaapan or https://stacker.news/items/820834/r/denlillaapan). It's almost a cop-out by now, since he teaches a class on bitcoin

“It was once cool and learned to dismiss Bitcoin as a ‘Tulip Bubble,’” writes Allen Farrington and Steve Baker in a recent piece for CityAM. “We believe it will not be for much longer.” It never should have been. While I haven’t seen “tulip”

In my MONEY CLASS a few weeks back, I ventured into the question of the “nominal and the real.” These are crucial economics concept that often get bungled and confused: The nominal, a word that sounds weird, is the numbers you "really" see, the

I've enjoyed writing MONEY CLASS posts over the last month (starting with https://stacker.news/items/733580). I count 13 over the last 32 days for a nice average of two-and-a-half posts a week. That's probably a rate I can keep. ~econ readers have

Central banks are… weird banks. They don’t operate like regular banks, they are owned (“owned”, https://stacker.news/items/758714 or https://stacker.news/items/745752) by their government, not run on a for-profit basis. Since the Quantitative Easing

And so the FOMO/FUD/then-they-cry phase begins. [Hashtag flamey rant incoming] James Baxter-Derrington, some no-name commentariat across the pond, had enough of the bitcoin price rally. He wrote an angry piece to show all those pesky Bitcoiners

Continuing this lovely little series (https://stacker.news/items/733580, https://stacker.news/items/752441) after a little, um, political/electoral hiccup (https://stacker.news/items/757365) —everyone's attention was elsewhere. ...but maybe we can

Happy Sunday, everyone! I owe you guys another MONEY CLASS, since I short-changed you earlier this week, but since it's Sunday I thought to be more personal than usual—and instead describe my journey into monetary economics. “Monetary theory belongs

In the three-way race between the monetary properties in gold, bitcoin, and fiat, our favorite orange system usually occupies a blessed middle ground between fiat and gold — in some sense incorporating the best of both worlds: Fiat** doesn’t have

"All pegs are stories," concludes Patrick McKenzie --formerly of Stripe -- as he discussed stablecoins a while back (https://bam.kalzumeus.com/archive/stablecoin-mechanisms-and-use-cases/) "A peg is a story about why two things which are not the

After yesterday's bonkers adventure, we're back to regularly scheduled programming (https://stacker.news/items/740296, https://stacker.news/items/743344). One trope – especially among goldbugs, Bitcoiners and other hard-money types – is that the