An introduction to political economy focusing on money, banking and funding of government.
John Allison on the Financial Crisis
View all articles by author.
Please keep all comments polite, civil, and on the topic of the article. Due to spam considerations, comments with links are put in a moderation queue and will not be visible to others.
The views expressed represent those of the author and do not necessarily represent the views of the editors and publishers of Capitalism Magazine.
Perhaps the money of the future isn’t some sophisticated crypto token, but a private promise to consume a widely used service.
By helping to cut the dollar’s tether to gold, Volcker helped Washington’s politicians engage in perpetual fiscal profligacy.