Category Archives: Money

A shift in monetary regimes?

Posted on August 9, 2021 by wcoats

By Warren Coats[1] This Sunday, August 15, is the 50th anniversary of President Richard Nixon’s closing of the gold window as part of the “Nixon Shock.” “Fifty years later Nixon’s August surprise still reverberates”  He announced on that day that … Continue reading →

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Bitcoin Excitement

Posted on June 20, 2021 by wcoats

Interest in bitcoin is growing. Its promotors are generally good guys wanting to provide the world a better payment system. Its users are often bad guys happy to move their ill gotten money pseudo anonymously (though the Feds tracked down … Continue reading →

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A New SDR Allocation

Posted on March 27, 2021 by wcoats

On March 23, the Managing Director of the International Monetary Fund, Kristalina Georgieva, reported that: “I am very encouraged by initial discussions on a possible SDR allocation of US$650 billion. By addressing the long-term global need for reserve assets, a … Continue reading →

Posted in Economics, Money | Tagged , , , , , | 2 Comments

The New Covid-19 Support Bill

Posted on February 8, 2021 by wcoats

The New Covid-19 assistance bill could add an additional 1.9 trillion dollars to support the fight against Covid-19.  In discussing the 2 trillion dollar CARES Act last April I wrote that: “The idea is that as the government has requested/mandated … Continue reading →

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My Travels to Jerusalem

Posted on January 21, 2021 by wcoats

Palestine: The Oslo Accords before and after, My travels to Jerusalem By Warren L Coats (2021) Kindle and paperback versions available at: Oslo Accords: Before and After An intimate account of the establishment of the Palestine Monetary Authority and related … Continue reading →

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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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