Russia’s Central Bank Might Be Getting A Clue After All

In Full Archive by Nathan Lewis

Russia’s Central Bank Might Be Getting A Clue After All October 23, 2015 (This item originally appeared in Forbes.com on October 23, 2015.) http://www.forbes.com/sites/nathanlewis/2015/10/23/russias-central-bank-might-be-getting-a-clue-after-all/ From time to time I like to see if there is any evidence that Russia’s central bank is getting a …

Parks and Squares 4: Smaller Squares

In Full Archive by Nathan Lewis

Parks and Squares 4: Smaller Squares October 11, 2015 I’ve been describing the basic elements of Traditional City design. They are: Streets (mostly Narrow Streets for People), Parks, and Squares. Parks and Squares should have names, which include the words “park” or “square.” There …

Politics Vs. Reality In Monetary Reform

In Full Archive by Nathan Lewis

Politics Vs. Reality In Monetary Reform October 1, 2015 (This item originally appeared at Forbes.com on October 1, 2015.) http://www.forbes.com/sites/nathanlewis/2015/10/01/politics-vs-reality-in-monetary-reform/ Politics is like the weather. Every day something new. Economic principles, however, are more like the mountains. They don’t change much, even though they …

Sovereign Defaults and Restructurings

In Full Archive by Nathan Lewis

Sovereign Defaults and Restructurings September 28, 2015 Sovereign default and restructuring (of debt) looks like it will become a topic of interest going forward, so it would be good to get a little background on the history here. A “default” means that a borrower …

The U.S. Embraced A Gold Standard For 182 Years, So Why Is It ‘Impossible’ Today?

In Full Archive by Nathan Lewis

The U.S. Embraced A Gold Standard For 182 Years, So Why Is It ‘Impossible’ Today? September 9, 2015 (This item originally appeared at Forbes.com on September 9, 2015.) http://www.forbes.com/sites/nathanlewis/2015/09/09/the-u-s-embraced-a-gold-standard-for-182-years-why-is-it-impossible-today/ The United States embraced the principle of a currency whose value was linked to gold …

Three Things About The Gold Standard That Everyone Should Know

In Full Archive by Nathan Lewis

Three Things About The Gold Standard That Everyone Should Know August 21, 2015. (This item originally appeared at Forbes.com on August 21, 2015.) http://www.forbes.com/sites/nathanlewis/2015/08/21/three-things-about-the-gold-standard-that-everyone-should-know/print/ George Selgin has been doing some excellent work at the Cato Institute’s new Center for Monetary Alternatives. One of his …

Parks and Squares 3: Squares

In Full Archive by Nathan Lewis

Parks and Squares 3: Squares August 16, 2015 We’re talking about public space in the Traditional City that is not streets. Mostly, these are parks and squares. There are a few forms that are not quite streets, parks or squares — perhaps a “promenade” …

Parks and Squares 2: Smaller and Closer

In Full Archive by Nathan Lewis

Parks and Squares 2: Smaller and Closer August 2, 2015 Last week, we laid out some basic propositions regarding parks: July 26, 2015: Parks and Squares 1) A city should consist of streets (perhaps 80% Narrow Streets for People, 17% Arterials, and 3% Grand …

Can A Government Finance Itself Simply By Issuing Money?

In Full Archive by Nathan Lewis

Can A Government Finance Itself Simply By Issuing Money? July 31, 2015 (This item originally appeared at Forbes.com on July 31, 2015.) http://www.forbes.com/sites/nathanlewis/2015/07/31/can-a-government-finance-itself-simply-by-issuing-money/ A popular notion these days, particularly among the “Modern Monetary Theory” types, is that a government can finance itself simply by …

Parks and Squares

In Full Archive by Nathan Lewis

Parks and Squares July 26, 2015 For a long time, I’ve been asserting that the basic building blocks of the Traditional City are Narrow Streets for People, amounting to perhaps 80% of all streets by length; 17% Arterials and 3% Grand Boulevards. Most of …