I fully expected Larry White's recent post challenging the state theory of money, and particularly that theory's understanding of the origins of metallic coinage, to generate some critical feedback. In particular, I expected it to raise the hackles of "Lord Keynes" (henceforth LK), the otherwise anonymous author…
I’ve begun working on a new book on the gold standard. In the first chapter I plan to discuss the origin of money, as a preliminary to discussing how silver and gold became the world’s dominant commodity monies. The topic of the origin of money has become…
After I published my recent post on "The Myth of the Myth of Barter," I tweeted the link to it to David Graeber himself, as I thought his response might be interesting. Was it ever! Before you could say Jack Robinson, Graeber let loose a fusillade of…