Why Europe Invented Central Banking

Central banks are the supposed champions of both price stability and financial stability…. But, have prices and finance really been very stable? or was the world of money actually more stable before central banking was invented? Hi, I am Joeri and to find out, I have collected the best works... [Read More]

The Macroeconomics of China's Evergrande

Why do macroeconomists care about the fate of a single Chinese company? I mean sure it is absolutely massive!!! with assets equal to roughly 2.2% of China’s GDP…. but it is the losses on those assets that matter for GDP and those will surely be much less. What’s more China’s... [Read More]

The Emergence of Credit Money in Europe

What is money? Hi, I am Joeri, and that is the question that one of the most intense debates in economics today centres around. In this debate there are basically two positions. On the one hand, proponents of the commodity theory*** ***of money argue that only money that is made... [Read More]

Response to Hyperinflation is Already Here from Economics Explained

Hyperinflation …. As the most popular economics channel on YouTube, Economics Explained calls it is: “game over” for any economy. Therefore, if this massive channel makes the case that the US dollar has secretly declined in value and that the country is plausibly on the brink of hyperinflation, we should... [Read More]