On the menu today: Bubbles, California’s self-destruction (continued), inflation, weed, and Beethoven.
While stable money might not be everything -- without it, everything is nothing.
The absurdity of putting the Swiss franc and the dong in the same basket brings back memories.
On the menu today: bitcoin surging, Senate rejects sound money, and schools close in New York City.
Venezuela’s Maduro has realized that official dollarization is the only way to curb hyperinflation. Here’s a blueprint for how he should proceed.
South Sudan's currency weakness is further evidence in favor of currency boards.
On the menu today: China’s successful bond issue, America’s high tech, China’s Covid exports (no, not that one) and the end of risk-free assets.
Even America’s declining share of global GDP seems not to matter much.
Exchange-rate instability is a curse. A private currency board would prevent it.
How infectious grubby money would actually be is up for debate.