The ECB is Trapped, Here’s Why [Lyn Alden]

The ECB is Trapped, Here’s Why [Lyn Alden]

“Base money is a liability of the central bank, and it’s used as a reserve asset by commercial banks. Broad money is the liability of commercial banks, and it’s used as a savings asset by the public. Treasuries are liabilities of the federal government, and...
What is Money, Anyway? [Lyn Alden]

What is Money, Anyway? [Lyn Alden]

“If a money (the most salable good) is easy to create more of, then any rational economic actor would just go out and create more money for herself, diluting the whole supply of it. If an asset has a monetary premium on top of its pure utility value, then it’s...
Proof of Stake & Stablecoins – Part 2 [Lyn Alden]

Proof of Stake & Stablecoins – Part 2 [Lyn Alden]

“Crypto exchanges with numerous coins have an incentive to get you excited about new coins, because they make money from trading volumes. Even if it’s just meme-coins like Doge or Shiba Inu with briefly-lived spikes, they want to get you in on the action, especially...