On the assumption that there's some overlap between LW and readers of Mencius Moldbug, this report on how to improve the monetary system, commissioned by the government of Iceland, might be interesting. It seems the author has been reading some Moldbug; his favoured suggestion, the "Sovereign Money Proposal", is closely related to Moldbug's suggestion that fractional-reserve banking with a lender of last resort might just as well be replaced with a sovereign lender of first resort, and banks that do not issue demand deposits.

Are you sure that is the particular Moldbug post you meant to link to?

Open thread, Apr. 01 - Apr. 05, 2015

by MrMind 1 min read31st Mar 2015180 comments


If it's worth saying, but not worth its own post (even in Discussion), then it goes here.

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