Category Archives: Money

Judy Shelton’s monetary policy

Posted on November 16, 2020 by wcoats

I share Judy Shelton’s support for monetary policy with a hard anchor. Following currency board rules, the public should determine the money supply they want to hold at its fixed price. Historically, gold was the most common hard anchor. It … Continue reading →

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My Travels in the Former Soviet Union

Posted on September 30, 2020 by wcoats

FSU: Building Market Economy Monetary Systems–My Travels in the Former Soviet Union By Warren L Coats (2020)  Kindle and paperback versions available at: https://www.amazon.com/FSU-Building-Economy-Monetary-Systems-ebook/dp/B08K3WNQK2/ref=sr_1_2?dchild=1&keywords=warren+Coats&qid=1601491694&s=books&sr=1-2 By the end of 1991 the pressures for the Union of Soviet Socialist Republics (USSR) to … Continue reading →

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My travels to Afghanistan

Posted on September 21, 2020 by wcoats

Afghanistan: Rebuilding the Central Bank after 9/11 — My Travels to Kabul By Warren Coats Kindle and paperback versions available at:  “Afghanistan-Rebuilding the Central Bank after 9/11” Watching the collapse of the twin Trade Towers in New York on September … Continue reading →

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The order to reopen–who gives it?

Posted on April 17, 2020 by wcoats

Like all of us, President Trump is eager to reopen the economy. Does he have the authority to do so or do state governors? Fortunately, neither can force us to start eating out again, or return to our offices. We … Continue reading →

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Econ 201: CARES Act–Who pays for it?

Posted on April 11, 2020 by wcoats

April 11, 2010 Congress has authorized over 2 trillion dollars (so far) to help those harmed by the partial shutdown of the economy undertaken to slow the spread of the SARS-CoV-2 virus, and to facilitate its rapid recovery when it … Continue reading →

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Covid-19: What should Uncle Sam do?

Posted on March 23, 2020 by wcoats

On February 29 the first person in the United States died from Covid-19, the disease caused by SARS-CoV-2, the so-called novel coronavirus first observed in Wuhan, China.  On March 12, three more people succumbed from this disease bringing the total … Continue reading →

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Paul Volcker, RIP

Posted on December 12, 2019 by wcoats

Paul Volcker was a man of strong convictions, including a commitment to sound money https://wcoats.blog/2017/10/14/sound-money/.  It surprises me that in 1971 he urged President Nixon to end the United States’ commitment to maintaining the price of gold to which most … Continue reading →

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Whither Libra?

Posted on July 24, 2019 by wcoats

Every other day, it seems, we witness the launch of a new crypto (digital) currency.  Each combines a medium of exchange (a currency) and a means of payment (a technical process of delivering the currency—of making a payment with it). … Continue reading →

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Returning to Currencies with Hard Anchors

Posted on April 16, 2019 by wcoats

Why did the gold standard ultimately fail? What system would overcome those weaknesses? See my: Adam Smith Institute Blog 

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Modern Monetary Theory—A Critique

Posted on April 14, 2019 by wcoats

So called Modern Monetary Theory (MMT) has become popular with Green New Dealers because it claims to remove or at least loosen traditional constraints on government spending.  MMT offers unconventional ideas about the origins of money, how money is created … Continue reading →

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