gold, bimetallism, silver, gold standard, bitcoin

When Bitcoin's price spiked in 2017, so did public mentions of the cryptocurrency, as measured by a Google n-gram plot. When William Jennings Bryan promoted bimetallism during his run for President in 1896, mentions of bimetallism similarly spiked. Noting this parallel, economist Robert Shiller compares the two…

cryptoassets, Kareken-Wallace, currency substitutes, cryptocurrencies

Some prominent economists have begun to analyze formally the market for a privately issued outside money that they associate with Bitcoin. Rodney Garratt and Neil Wallace (2018) (ungated version here) model the relative values of (exchange rates between) "Bitcoin 1" and other hypothetical cryptoassets ("Bitcoin 2," etc.)….