The ruble has appreciated exactly BECAUSE the sanctions are working

The question I have been asked most over the last week is why the Russian ruble is been appreciating despite the fact Russia has been hit by extensive economic sanctions. I must honestly admit that since the sanctions were introduced I have not spent much time following the development of the ruble – or rather […]

Guess what ‘currency’ underperformed the rouble in 2014

2014 wasn’t exactly a great year for the Russian rouble. However, there is a ‘currency’, which performed worse than the rouble in 2014…Bitcoin

“Bitcoin is Memory”

Bitcoin has been one of the most talked about talked topics over the past year. Despite of this there is relatively little economic research that has been done on the topic so far. However, a new working paper by William Luther and Josiah Olson add important insight to the economics of bitcoin. This is the […]

The Cyprus ‘deposit grab’ sparks a rally in Bitcoins

Nowhere is the fears sparked by EU’s ‘deposit grab’ in Cyprus more visible than in the price of Bitcoins. Take a look at this graph.

The (mobile) market just solved Zimbabwe’s “coin problem”

I wonder if any of my readers remember my post about how ““Good E-money” can solve Zimbabwe’s ‘coin problem’”. In my post on Zimbabwe’s so-called “coin problem” I came up with a possible solution: “This might all seem like fantasy, but the fact remains that there today are around 500 million cell phones in Africa […]

Googlenomics and the popularity of Bitcoin

Lasse Birk Olesen’s guest post about Bitcoin inspired me to do a bit of Googlenomics. I simply had a look at searches in Google for ‘Bitcoin’ using Google Insight. The “bubble” that Lasse talked about in 2011 is certainly also visible in google searches. Have a look on this graph. Since June 2011 the search activity […]

Guest post: Bitcoin, Money and Free Banking (by Lasse Birk Olesen)

Lee Kelly in a recent guest post here on The Market Monetarist discussed the implication of excess demand for money for the development of barter and Free Banking. I found Lee’s discussion extremely interesting and think that it could be interesting to see how monetary disequilibrium actually could work as a catalyst for the development […]

Believe it or not – Africa is just a very good story

I am in Stockholm this morning – the main topic for today’s meeting is the prospects for the African economies. I have for a long time had the view that Africa could very well turn into the best investment story in the world. There is no doubt that my view of Africa is to a […]

Atlas Sound Money Project Interview with George Selgin

See this new excellent interview with George Selgin. I think it is harder to find any bigger expert on Free Banking theory and Free Banking history than George. Great stuff – even though I do not agree with everything (yes, believe it of not – I do not agree with everything George is saying). George […]

“Good E-money” can solve Zimbabwe’s ‘coin problem’

The New York Times reports on the Zimbabwe’s so-called “coin problem”: “When Zimbabweans say they are waiting for change, they are usually talking about politics. After all, the country has had the same leader since 1980. But these days, Robson Madzumbara spends a lot of time quite literally waiting around for change. Pocket change, that is. […]