Saturday , January 22 2022
Home / T. Cowen: Marginal Revolution / Monetary theory and crypto

Monetary theory and crypto

Summary:
No, I don’t mean money/macro, such as debates over ngdp targeting or transitory inflation.  I mean old-fashioned monetary theory.  Try all these pieces.  Obviously, many of those particular authors are now deceased or retired.  But take the field in general — has it had anything interesting to say about crypto developments?  I don’t expect it to have predicted crypto, or its price, any more than I expect macroeconomists to have predicted recessions (see Scott Sumner on that one).  But surely monetary theory should be able to help us better understand crypto?  And its price. How much has it succeeded in that endeavor?  (I have read and on MR cited a number of NBER and other academic working papers on crypto, over the years.)  Or are you better off reading “amateur” pieces on Medium and

Topics:
Tyler Cowen considers the following as important: , ,

This could be interesting, too:

H.E. Hakainde Hichilema writes Zambia’s success will be Africa’s success

Tyler Cowen writes How many lives were lost because of the vaccines holdup?

Tyler Cowen writes Thursday assorted links

Alex Tabarrok writes Student Loan Forgiveness is Regressive

No, I don’t mean money/macro, such as debates over ngdp targeting or transitory inflation.  I mean old-fashioned monetary theory.  Try all these pieces.  Obviously, many of those particular authors are now deceased or retired.  But take the field in general — has it had anything interesting to say about crypto developments?  I don’t expect it to have predicted crypto, or its price, any more than I expect macroeconomists to have predicted recessions (see Scott Sumner on that one).  But surely monetary theory should be able to help us better understand crypto?  And its price.

How much has it succeeded in that endeavor?  (I have read and on MR cited a number of NBER and other academic working papers on crypto, over the years.)  Or are you better off reading “amateur” pieces on Medium and other sources cited on Twitter?

What should we infer from your answer to these questions?

Surely any failings here are restricted to monetary theory alone.

The post Monetary theory and crypto appeared first on Marginal REVOLUTION.

Tyler Cowen
Tyler Cowen is an American economist, academic, and writer. He occupies the Holbert C. Harris Chair of economics as a professor at George Mason University and is co-author, with Alex Tabarrok, of the popular economics blog Marginal Revolution. Cowen and Tabarrok have also ventured into online education by starting Marginal Revolution University. He currently writes the "Economic Scene" column for the New York Times, and he also writes for such publications as The New Republic, the Wall Street Journal, Forbes, Newsweek, and the Wilson Quarterly.

Leave a Reply

Your email address will not be published. Required fields are marked *