Category Archives: Currency

Steal this book? Not necessary—it’s free!

Dean Baker has published a new book (hat tip, Ezra Klein), and it’s free: The End of Loser Liberalism: Making Markets Progressive. From the blurb:

 Progressives need a fundamentally new approach to politics. They have been losing not just because conservatives have so much more money and power, but also because they have accepted the conservatives’ framing of political debates. They have accepted a framing where conservatives want market outcomes whereas liberals want the government to intervene to bring about outcomes that they consider fair.

 This is not true….

Continue reading


Money Madness: Utah Edition

Utah has passed a Tea-Party inspired law encouraging the use of gold or silver coins from the U.S. Mint as payment for goods and services.

Supporters, according to The New York Times, say “that it is just a beginning, that one day soon Utah might mint its own coins, that retailers could have scales for weighing precious metals and that a state defense force could be formed to guard warehouses where the new money would be made and stored.”

Brave new world? Brave old world? Actually it’s both.

Continue reading