Separating the functions of money—the case of Medieval coinage

Separating the functions of money—the case of Medieval coinage

| augmentation/diminution, Bill Woolsey, coins, ghost money, history of thought, Larry White, medium of account, medium of exchange, New Monetary Economics, Scott Sumner, Tyler Cowen, unit of account

Florentine florin Last year Scott Sumner introduced the econ blogosphere to what he likes to call the medium-of-account function of money,...

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...