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Notes to myself, possibly of interest to others.
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Wednesday, December 15, 2010

Krugman: What does "printing money" mean?

..these days — with credit cards, electronic money, repo, and more all serving the purpose of medium of exchange — it’s not clear that any single number deserves to be called “the” money supply...

But if you’re determined to view economic affairs through a sort of paleo-monetarist lens, focused on the evils of “printing money”, you’re going to have a hard time in the modern world, where the definition of money is increasingly vague. [source]

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