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Theory, Money Markets, and Impersonal Wealth

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Latest Issues

Mark Cuban Sells his Bitcoin

Mark Cuban, the “Billionaire entrepreneur” who shot to fame by owning a basketball team, playing a small role on a television drama, and a big role on a hit reality TV show, recently revealed that he had sold all (or almost all) of his Bitc...

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Solvency and Liquidity – A Primer

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"Bank Run" is the Wrong Metaphor for Private Credit Redemption Claims

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Was Milton Friedman a Bullionist?

Bad Ideas About Money Never Die

Perhaps the most pervasive, pernicious, and completely false idea about money is neither the commodity theory, nor even the myth of gold, but rather the fundamental notion that the shift from a state of...

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Legal Categories of Money: Ep1, “Deposits”

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This is the first substantive installment of an ongoing series on the legal categories of “money,” which will eventually culminate in a discussion of the newest creation in that history – “stablecoins.” In the preamble to...

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  • Samuel A. Chambers

    Teacher, scholar, and student of money, power, and their relation. Professor of political theory and political economy at Johns Hopkins University.

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