27/06/22
We remain stuck in a bad money trap: why?
Revolt of the neglected and the exploited
The media support soft money Ten years after publication of my book, and on both sides of the Atlantic, national economies are still in the grip of the bad money trap. How depressing. How debilitating. Asset prices are sky high. Wages are sinking in real terms. All because of bad money policies that I analysed…
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07/02/21
Why Bitcoin is Money-in-waiting
Is Bitcoin money? No. Could it become money? Yes
Bitcoin shows that a would-be form of money can still arise through private initiative (as argued more fully in my book, The Power of Money). Before the 2008 financial crisis, few economists would have believed this was possible. True, numerous local currencies, community currencies and so forth existed. But these used the prevailing national money as…
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02/01/20
The Power of Money; How Ideas about Money Shaped the Modern World Forrest Capie, Professor Emeritus of Economic History, Cass Business School and author of the modern History of the Bank of England writes: “Robert Pringle has written a book on money that is different from any other.” He “draws on a long life…
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01/01/20
Review of Hostile Money
Currencies in Conflict
A review by Robert Pringle “The purposes of money are constant, the way it operates varies hugely” says Paul Wilson at the outset – and few authors have illustrated this as interestingly as he does. Impressively erudite, he never lets his command of detail hold up the story, so that the reader is swept up…
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30/12/19
My Volcker anecdotes
The risk and reality of hubris
Of all my memories of Paul Volcker – I first met him in the early 1970s when we was UnderSecretary for Monetary Affairs at the US Treasury and I was editing The Banker – four are particularly persistent: 1. A remarkable passage in the introduction to a book I co-authored with the late Marjorie Deane….
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