Do banks have a widow's cruse?

Do banks have a widow's cruse?

| David Glasner, hot potato effect, James Tobin, reflux, stock market and equities, unit of account

Elijah and the Widow of Zarephath James Tobin wrote a paper back in 1963 called Commercial Banks as Creators of Money in which he pointed o...

Scott Sumner ignores banks, so what?

Scott Sumner ignores banks, so what?

| David Glasner, medium of account, Scott Sumner, unit of account

In response to a recent comment by Cullen Roche, Scott Sumner wrote that "I have no interest in banking or bookkeeping. My interest is...