The World’s Most Dangerous Place: Inside the Outlaw State of Somalia by James Fergusson (2013)

30 Nov 2023 Leave a comment

by Jim Rose in defence economics, development economics, economic history, economics of crime, growth disasters, law and economics Tags:

Caado la gooyaa car alle ayey leedahay (‘The abandonment of tradition calls forth the wrath of Allah’, Somali proverb, quoted in The World’s Most Dangerous Place, page 398) James Fergusson worked on this book with help from a grant from the Airey Neave Trust, a charity whose objective is to promote research ‘designed to make […]

The World’s Most Dangerous Place: Inside the Outlaw State of Somalia by James Fergusson (2013)

Quantity theory of money, or fiscal theory of the price level?

16 Nov 2023 Leave a comment

by Jim Rose in defence economics, development economics, economic history, growth disasters, history of economic thought, law and economics, macroeconomics, monetary economics, property rights Tags: ,

The rebel-controlled Yemeni rial is made up entirely of a fixed supply of notes printed prior to 2016. In the chart below you can see it appreciating in value (the blue line) against the dollar, issued by the world’s most powerful state. pic.twitter.com/vioXHmz2wQ — John Paul Koning (@jp_koning) November 15, 2023

Quantity theory of money, or fiscal theory of the price level?

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