“And as for the idea that the absence of a clear definition of money, plus the fact that most money is created by financial institutions, means that central banks don’t matter, James Tobin dealt with all that more than fifty years ago.”
September 3, 2014 9:16 am September 3, 2014 9:16 am My old teacher Charles Kindleberger used to say that anyone who spends too much time thinking about international money goes mad; he meant that p...
“And as for the idea that the absence of a clear definition of money, plus the fact that most money is created by financial institutions, means that central banks don’t matter, James Tobin dealt with all that more than fifty years ago.”
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Money in a Time of Zero
September 3, 2014 9:16 am September 3, 2014 9:16 am My old teacher Charles Kindleberger used to say that anyone who spends too much time thinking about international money goes mad; he meant that p...
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