We should put him on a coin (Photo by Roger Viollet Collection/Getty Images) Roger Viollet via Getty Images A few years ago I wrote a piece, for Public Discourse, called “Montesquieu and the Monetary System.” It discussed our having fiat money, non-gold-standard money, today, from the perspective of the eighteenth century French legal sage, Montesquieu….
The designers of the policy mix, Kennedy and Dillon. Bettmann Archive Why did Bitcoin come to be? The computer science revolution gave us the possibility of a blockchain. All sorts of neat things can be done with the blockchain, including trading unique pieces of online property that keep their nature after the trade—currency, in a…
Remember what they took from you. 1960s Aerial Of Suburban Housing Development (Photo by Heilman/Classicstock/Getty Images) Heilman/ClassicStock The Case-Shiller index of home prices is something else. Chip Case, a Wellesley professor, started the thing in the 1980s because he saw Massachusetts home prices zooming up like never before. In 1980, Massachusetts had put a permanent…