Eric Tymoigne
@tymoignee.bsky.social
Mostly my research output on the macroeconomic intersection of finance and the economy: public finance, private finance, past and present inner workings of monetary systems.
Rogoff on radio today: if foreigners don’t buy treasuries then US citizens won’t get their welfare and SS checks. That’s just incorrect.
November 13, 2025 at 8:09 PM
Rogoff on radio today: if foreigners don’t buy treasuries then US citizens won’t get their welfare and SS checks. That’s just incorrect.
Commodity Price Index in British Colonies with Wars (red), Major Epidemics (Yellow) and Contractions (Grey)
June 27, 2025 at 8:20 PM
Commodity Price Index in British Colonies with Wars (red), Major Epidemics (Yellow) and Contractions (Grey)
“The Origins of the Platonic Approach to Monetary Systems: Retracing European and Chinese Monetary Thoughts on Chartalism, Nominalism, and the Origins of Monetary Systems” is now on EconPapers at econpapers.repec.org/paper/prampr...
EconPapers: The Origins of the Platonic Approach to Monetary Systems: Retracing European and Chinese Monetary Thoughts on Chartalism, Nominalism, and the Origins of Monetary
By Eric Tymoigne; Abstract: A monetary approach that combines Chartalism, Nominalism, and Command origins of monetary systems is often deemed to
econpapers.repec.org
June 13, 2025 at 3:43 AM
“The Origins of the Platonic Approach to Monetary Systems: Retracing European and Chinese Monetary Thoughts on Chartalism, Nominalism, and the Origins of Monetary Systems” is now on EconPapers at econpapers.repec.org/paper/prampr...
Reposted by Eric Tymoigne
My thoughts on the significance of the annual Levy Institute conference at this moment in time.
There is still time to register and join us on Monday, June 16.
Link below.
www.levyinstitute.org/blog/confron...
There is still time to register and join us on Monday, June 16.
Link below.
www.levyinstitute.org/blog/confron...
Confronting Financial Fragility, Worker Crisis, and Global Turmoil
On June 16, 2025, I will welcome colleagues and friends to the 32nd Annual Conference of the Levy Economics Institute—our first in-person gathering since the pandemic, convening at a moment of extraor...
www.levyinstitute.org
June 8, 2025 at 1:12 PM
My thoughts on the significance of the annual Levy Institute conference at this moment in time.
There is still time to register and join us on Monday, June 16.
Link below.
www.levyinstitute.org/blog/confron...
There is still time to register and join us on Monday, June 16.
Link below.
www.levyinstitute.org/blog/confron...
Reposted by Eric Tymoigne
Reading McCusker's"Money and Exchange in Europe and America, 1600-1775"as a companion to Moore's "Promise to Pay" (reviewing it). McCusker provide a wealth of data (sorry, the economist in me needs those to anchor any discussion). Now, here is something incorrect in McCusker 1/n
June 6, 2025 at 7:20 PM
Reading McCusker's"Money and Exchange in Europe and America, 1600-1775"as a companion to Moore's "Promise to Pay" (reviewing it). McCusker provide a wealth of data (sorry, the economist in me needs those to anchor any discussion). Now, here is something incorrect in McCusker 1/n
This“wampum, wheat, land, guns, etc. were money” bc they were used as medium of exchange,legal tender or accepted in tax payment really needs to die.Messes up otherwise good monetary history.None of these things were ever money.Payment in kind, generalized barter, and bilateral trade are happening.
May 17, 2025 at 2:04 PM
This“wampum, wheat, land, guns, etc. were money” bc they were used as medium of exchange,legal tender or accepted in tax payment really needs to die.Messes up otherwise good monetary history.None of these things were ever money.Payment in kind, generalized barter, and bilateral trade are happening.
Keynote delivered yesterday on environmental issues and how to approach policymaking deal with them: www.dropbox.com/scl/fi/7revy...
www.dropbox.com
May 16, 2025 at 12:19 PM
Keynote delivered yesterday on environmental issues and how to approach policymaking deal with them: www.dropbox.com/scl/fi/7revy...
Yesterday I gave a talk about the macroeconomics of the public debt. Link: www.dropbox.com/scl/fi/0w4i9...
www.dropbox.com
May 15, 2025 at 5:11 AM
Yesterday I gave a talk about the macroeconomics of the public debt. Link: www.dropbox.com/scl/fi/0w4i9...
New ASCE infrastructure report card is out. Average is C. Aviation, school and a bunch of others are in poor conditions.
April 25, 2025 at 2:36 AM
New ASCE infrastructure report card is out. Average is C. Aviation, school and a bunch of others are in poor conditions.
Reposted by Eric Tymoigne
Nathan Tankus points out that unlimited FDIC would help resolve this problem crisesnotes.com/the-night-th...
and that allowing the Fed to issue securities is a related issue crisesnotes.com/we-should-au...
and that allowing the Fed to issue securities is a related issue crisesnotes.com/we-should-au...
The unexpected Triffin Dilemma: Shadow Banking
The elegant fix? More treasuries
The more elegant fix?
Get rid of the Key Currency int’l system altogether
www.imf.org/en/Publicati... #triffin #shadowbanking
The elegant fix? More treasuries
The more elegant fix?
Get rid of the Key Currency int’l system altogether
www.imf.org/en/Publicati... #triffin #shadowbanking
April 18, 2025 at 7:26 PM
Nathan Tankus points out that unlimited FDIC would help resolve this problem crisesnotes.com/the-night-th...
and that allowing the Fed to issue securities is a related issue crisesnotes.com/we-should-au...
and that allowing the Fed to issue securities is a related issue crisesnotes.com/we-should-au...
Reposted by Eric Tymoigne
🚨New Paper🚨 (hi law reviews!)
‘Digitizing the Fisc’ is the first article to address the current separation of fiscal powers crisis, exemplified by Trump's takeover of the Treasury's payments IT systems, through a tri-dimensional legal, political economic, & technological lens.
‘Digitizing the Fisc’ is the first article to address the current separation of fiscal powers crisis, exemplified by Trump's takeover of the Treasury's payments IT systems, through a tri-dimensional legal, political economic, & technological lens.
March 11, 2025 at 12:42 AM
🚨New Paper🚨 (hi law reviews!)
‘Digitizing the Fisc’ is the first article to address the current separation of fiscal powers crisis, exemplified by Trump's takeover of the Treasury's payments IT systems, through a tri-dimensional legal, political economic, & technological lens.
‘Digitizing the Fisc’ is the first article to address the current separation of fiscal powers crisis, exemplified by Trump's takeover of the Treasury's payments IT systems, through a tri-dimensional legal, political economic, & technological lens.
Weakening tax redemption channels is a sure way to weaken a gov-issued currency. We need efficiency in tax collection: low cost of collection, easy tracking of dues owed and paid, eliminate loopholes, strong investigation team, no favoritism, etc.
www.nytimes.com/2025/03/10/u...
www.nytimes.com/2025/03/10/u...
Inside Trump’s War on the I.R.S.: Dropped Audits and a Skeleton Staff
President Trump is planning to gut the work force while trying to turn the I.R.S. into a more political agency.
www.nytimes.com
March 10, 2025 at 5:11 PM
Weakening tax redemption channels is a sure way to weaken a gov-issued currency. We need efficiency in tax collection: low cost of collection, easy tracking of dues owed and paid, eliminate loopholes, strong investigation team, no favoritism, etc.
www.nytimes.com/2025/03/10/u...
www.nytimes.com/2025/03/10/u...
Chartalism in action
What if we took the systemically risky parts of money market funds and combined them with crypto and allowed banks to operate outside of banking regs? www.ft.com/content/d033...
Banks and fintechs join ‘stablecoin gold rush’
Bank of America and Stripe target market for payments in cryptocurrencies
www.ft.com
March 10, 2025 at 2:43 PM
Chartalism in action
Hudson on the origins of money
www.counterpunch.org/2025/03/07/w...
www.counterpunch.org/2025/03/07/w...
What Are the Origins of the Money We Use Today?
The late 19th century saw economists, mainly German and Austrian, create a mythology of money’s origins that is still repeated in today’s textbooks. Money is said to have originated as just another co...
www.counterpunch.org
March 8, 2025 at 10:04 PM
Hudson on the origins of money
www.counterpunch.org/2025/03/07/w...
www.counterpunch.org/2025/03/07/w...
Reposted by Eric Tymoigne
ICYMI, I wrote a piece based on straightforwardly asking retired Bureau of the Fiscal Service employees to interpret a long Elon Musk tweet. Yes it takes an entire long piece to do that. Here's what they said.
www.crisesnotes.com/i-asked-form...
www.crisesnotes.com/i-asked-form...
I asked Former Bureau of the Fiscal Service Employees to Interpret An Elon Musk Tweet. Here’s What they Told me
Notes on the Crises pivoted on February 1st into around the clock coverage of the Trump-Musk Treasury Payments Crisis of 2025. Today is Day Fifteen
Read Part 0, Part 1, Part 2, Part 3, Part 4, Part 5...
www.crisesnotes.com
February 14, 2025 at 7:54 PM
ICYMI, I wrote a piece based on straightforwardly asking retired Bureau of the Fiscal Service employees to interpret a long Elon Musk tweet. Yes it takes an entire long piece to do that. Here's what they said.
www.crisesnotes.com/i-asked-form...
www.crisesnotes.com/i-asked-form...
Reposted by Eric Tymoigne
I somehow missed this incredible piece by @daveadenison.bsky.social when it came out in 2020. thebaffler.com/salvos/the-m...
The Money Printers | Dave Denison
Ordinary Americans live in a world of limits. They assume the government will eventually have to balance its budget just like they do.
thebaffler.com
February 14, 2025 at 1:54 PM
I somehow missed this incredible piece by @daveadenison.bsky.social when it came out in 2020. thebaffler.com/salvos/the-m...
Reposted by Eric Tymoigne
We are about to start our 8th trimester. We've more MMT/ecological economics students now than ever before.
You could join us in June or Sept, regardless of your age or where you live. Any first degree or sufficient work experience would qualify you to enrol.
modernmoneylab.org.au/courses/
You could join us in June or Sept, regardless of your age or where you live. Any first degree or sufficient work experience would qualify you to enrol.
modernmoneylab.org.au/courses/
Courses | Modern Money Lab
modernmoneylab.org.au
February 14, 2025 at 7:11 AM
We are about to start our 8th trimester. We've more MMT/ecological economics students now than ever before.
You could join us in June or Sept, regardless of your age or where you live. Any first degree or sufficient work experience would qualify you to enrol.
modernmoneylab.org.au/courses/
You could join us in June or Sept, regardless of your age or where you live. Any first degree or sufficient work experience would qualify you to enrol.
modernmoneylab.org.au/courses/
Just watched “Trading Places” with the kids. Boy, this is really a movie from a different era (N word here, F word there, black face, boobs, racist stereotypes, etc.). I was going for a comedy and a social satire with a twist of finance. Kids had fun but too much profanity for them.
February 14, 2025 at 7:22 AM
Just watched “Trading Places” with the kids. Boy, this is really a movie from a different era (N word here, F word there, black face, boobs, racist stereotypes, etc.). I was going for a comedy and a social satire with a twist of finance. Kids had fun but too much profanity for them.
Reposted by Eric Tymoigne
El Salvador's bitcoin payments experiment has ended after four years. Here's what the experiment taught us about bitcoin as money.
My latest 👉 jpkoning.blogspot.com/2025/02/the-...
My latest 👉 jpkoning.blogspot.com/2025/02/the-...
The end of El Salvador's bitcoin payments experiment
Back in 2021, El Salvador became the first country in the world to require its citizens to use bitcoin for payments. Last month, four years...
jpkoning.blogspot.com
February 11, 2025 at 3:34 PM
El Salvador's bitcoin payments experiment has ended after four years. Here's what the experiment taught us about bitcoin as money.
My latest 👉 jpkoning.blogspot.com/2025/02/the-...
My latest 👉 jpkoning.blogspot.com/2025/02/the-...
Second round coming up 🔔: Elon Musk’s DOGE Is Expected to Examine Another Treasury System Next Week
www.propublica.org/article/elon...
www.propublica.org/article/elon...
Elon Musk’s DOGE Is Expected to Examine Another Treasury System Next Week
The new target, sources said, is a sensitive database that tracks the flow of money across the government.
www.propublica.org
February 8, 2025 at 1:49 AM
Second round coming up 🔔: Elon Musk’s DOGE Is Expected to Examine Another Treasury System Next Week
www.propublica.org/article/elon...
www.propublica.org/article/elon...
Just out: " Chartalism in Ancient China: A Retrospective of Monetary Thought" by Zengping He. Open access at: read.dukeupress.edu/hope/article...
Chartalism in Ancient China: A Retrospective of Monetary Thought | History of Political Economy | Duke University Press
read.dukeupress.edu
February 8, 2025 at 1:34 AM
Just out: " Chartalism in Ancient China: A Retrospective of Monetary Thought" by Zengping He. Open access at: read.dukeupress.edu/hope/article...
Reposted by Eric Tymoigne
This is now the banner for the article. I'm taking the rest of the day off.
www.crisesnotes.com/treasury-sec...
www.crisesnotes.com/treasury-sec...
February 6, 2025 at 9:24 PM
This is now the banner for the article. I'm taking the rest of the day off.
www.crisesnotes.com/treasury-sec...
www.crisesnotes.com/treasury-sec...
I translated Chapter 5 to 9 of Muller's "Versuche einer neuen Theorie des Geldes" ("Attempts at a New Theory of Money") (1816) via Google Docs. The book is centered around this figure ( Sachgeld = commodity money (precious metal coins), credit geld = credit money, geld = money) 1
February 4, 2025 at 8:12 PM
I translated Chapter 5 to 9 of Muller's "Versuche einer neuen Theorie des Geldes" ("Attempts at a New Theory of Money") (1816) via Google Docs. The book is centered around this figure ( Sachgeld = commodity money (precious metal coins), credit geld = credit money, geld = money) 1
Reposted by Eric Tymoigne
"There is nothing more important on the entire planet than getting Elon Musk and DOGE out of the Bureau of the Fiscal Service"
www.crisesnotes.com/elon-musk-wa...
www.crisesnotes.com/elon-musk-wa...
Elon Musk Wants to Get Operational Control of the Treasury’s Payment System. This Could Not Possibly Be More Dangerous
Until Further Notice: Comprehensive coverage of the Trump-Musk Treasury Payments Crisis of 2025
www.crisesnotes.com
February 4, 2025 at 7:26 PM
"There is nothing more important on the entire planet than getting Elon Musk and DOGE out of the Bureau of the Fiscal Service"
www.crisesnotes.com/elon-musk-wa...
www.crisesnotes.com/elon-musk-wa...