Lawrence H. White @lawrencehwhite1
Studying private currencies since before they became cool. Prof of Economics at George Mason U. Latest book = Better Money: Gold, Fiat, or Bitcoin? (2023). Alt-M.org Fairfax, VA Joined November 2014-
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Nobody is so foolish as to think that Nescafe Gold coffee contains the precious metal gold. Neither should they think that about Zimbabwe Gold the new currency. In both cases “Gold” is just a brand name.
Argentina's Milei Should Dollarize after Legislative Setback | Cato at Liberty Blog - Cato Institute news.google.com/rss/articles/C…
This looks like a fantastic conference—impressive agenda and speakers @lawrencehwhite1 @LuisCaputoAR @ocampo_emilio @rsalinasleon @martinkrause @gonzaloschwarz @DianaMondino @RosaMariaPaya @AlvaroVargasLl @MaryAnastasiaOG not to mention the man himself @JMilei So many people I…
This looks like a fantastic conference—impressive agenda and speakers @lawrencehwhite1 @LuisCaputoAR @ocampo_emilio @rsalinasleon @martinkrause @gonzaloschwarz @DianaMondino @RosaMariaPaya @AlvaroVargasLl @MaryAnastasiaOG not to mention the man himself @JMilei So many people I…
Bitcoin Halving party at Bretton Woods with @GeorgeSelgin, Randy Holcombe, @lawrencehwhite1, @BryanPCutsinger, and @n_cachanosky!
Grumpy Economist: Inflation Confusion grumpy-economist.com/p/inflation-co…
Push Towards Anti-Money Laundering and Government-Mandated Surveillance The FATF is one of the most successful non-democratic regulatory bodies in the world. Their “recommendations” are enforced as laws to combat money laundering. Yet, the results are a spectacular failure.
Milei puede apoyar la banca libre, o puede insistir en un sistema de reservas del 100%. No puede hacer ambas cosas.
Milei puede apoyar la banca libre, o puede insistir en un sistema de reservas del 100%. No puede hacer ambas cosas.
zimpricecheck.com/analysis-and-o… In Zimbabwe’s curb market for USD, “there are no onerous KYC terms.” By contrast the banks are required by govt to “demand an explanation of sorts from those who have ZWL$100,000 or more in their accounts.” Note: ZWL$100,000 < US$3.
New issue of Econ Journal Watch here: econjwatch.org/issues/volume-…
In an interview last month [cenital.com/un-experimento…], Javier Milei said the following about dollarization. Does anyone know more about the plan to "create an anti-run bank"? What does that mean?
Free trade champion @scottlincicome looks to defeat one of the two fathers of contemporary free-banking theory @lawrencehwhite1.
UCLA-school price theorist @BrianCAlbrecht takes on free-banking legend @lawrencehwhite1 in what should be an exciting second-round matchup.
In which yours truly and @lawrencehwhite1 play bit parts: yahoo.com/news/1990s-lib…
@NathanCPerry @WilliamJLuther @Japple @rettlerb @LittleBitcoinBk @LynAldenContact Money Book Hat Trick is best of all: 1. Broken Money (@LynAldenContact 2. Better Money (@lawrencehwhite1) 3. Resistance Money (with @rettlerb and @craigwarmke)
Should the market or the state provide digital payment media? Is there a good rationale for CBDCs, given private alternatives? My recent presentation to the IIMR. 50 minutes including Q&A. youtube.com/watch?v=KKnacS…
UCLA price theory is alive and well with @thomas_savidge and @LouisROUANET. aier.org/article/dynami…
We show that if we make an effort to reconstruct the CPI of Okun’s era—which would have had inflation peak last year around 18%, we are able to explain 70% of the gap in consumer sentiment we saw last year. 8/N
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@JosephEStiglitz Paying kindergarteners to compose tweets for you is a violation of child labor laws.
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“@JMilei’s lack of political support in Congress adds to the uncertainty surrounding his ability to successfully pass deregulatory reforms… it is premature to declare victory on the fiscal and inflationary fronts in #Argentina.” ~ @n_cachanosky ➡️ aier.org/article/is-arg….
Tweet guardado en mi carpeta de Free Banking.
Nobody is so foolish as to think that Nescafe Gold coffee contains the precious metal gold. Neither should they think that about Zimbabwe Gold the new currency. In both cases “Gold” is just a brand name.
Never forget that Stiglitz praised Venezuela's economic policies: “Venezuelan President Hugo Chavez appears to have had success in bringing health and education to the people in the poor neighborhoods of Caracas”. He even promoted less autonomy for Venezuela's Central Bank in…
Forty-odd years after neoliberalism took hold it’s clear it doesn’t work. In fact, it never had either a robust theory or the data to back up its claims. Time to introduce a new, more freeing capitalism that allows all people to live up to their potential. That’s what I do in my…
@JosephEStiglitz This you? imf.org/external/np/vc…
@JosephEStiglitz You aggressively and grotesquely straw man the science and ideas of Hayek, in an ugly and deliberate violation of Dennett's Rules. Don't be proud of that.
@JosephEStiglitz Proving once again what Robert Skidelsky once told me: economics is not a progressive science. Stiglitz has been selling the same nonsense forever. He's decried our "neoliberalism" as regulation, the administrative state, and massive deficits have exploded steadily for 50 years.
Wow!—Never thought of that. 🙄
No one’s truly free without rules and regulations. Counterintuitive? Think stoplights. Without them, pandemonium and gridlock. With them, I stop so you can drive through, and vice versa. We both have the freedom to move about with fewer traffic jams and accidents. This same idea…
@JosephEStiglitz So this is the level of insight your book provides? The discourse is waaaay past "coordination can be good"
@JosephEStiglitz Ever heard, for example, about rule that "the seats are numbered" in theatre, so that you can't take any seat you like? Imagine chaos if there were not such a rule? And, lo and behold, theatre owners weren't forced to introduce such rule. Free market doesn't mean "no rules".
Probably a good idea to cancel that donation to Greenpeace.
Greenpeace and its allies just won a court case in the Philippines blocking Golden Rice from reaching millions of vitamin A-deficient young children. If this isn't a crime against humanity, I don't know what is. Avoidable deaths could total 100,000s. More: spectator.co.uk/article/childr…
.@lunaticoin, here Alonso's fantastic discovery of Spanish speakers free-market-bankers. The issuing of Document-Money is a commercial phenomenon, not a political phenomenon.
“Inflation Reduction Act”
Nobody is so foolish as to think that Nescafe Gold coffee contains the precious metal gold. Neither should they think that about Zimbabwe Gold the new currency. In both cases “Gold” is just a brand name.
Today on @FoxBusiness around 2:25pm, I will be talking with the great @cvpayne about the Fed’s predicament. How does profligate fiscal policy complicate the Fed’s approach to fighting inflation?
Nobody is so foolish as to think that Nescafe Gold coffee contains the precious metal gold. Neither should they think that about Zimbabwe Gold the new currency. In both cases “Gold” is just a brand name.
LOL
Nobody is so foolish as to think that Nescafe Gold coffee contains the precious metal gold. Neither should they think that about Zimbabwe Gold the new currency. In both cases “Gold” is just a brand name.
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