The Big Picture.
The friction and malfunctions of exchange intermediation
A book on private currencies and morphogenesis in money
"I hope it will not be too long before freedom to deal in any money one likes will be considered the essential mark of a free country"
Breaking the shackles of self-sufficiency and barter
The proposed web-based system of privately issued currencies uses an hour of unqualified human labor of average intensity as a unit of account.
Formation of shape in money
Money can decrease over time – it can rust - a concept pioneered by Silvio Gesell a century ago.
Expanding the fixed supply of commodity money
The dark side of flexible supply of money.
Money as information
God, Guns, Gold
Looking good, Billy Ray...
Viewer discretion advised
The 3-person Nash-agnostic case with irrational expectations built in via autoregressive conditional heteroscedasticity model. For serious economists only.
A timeless piece from Cougar_w, ZeroHedge 2012