A quick post to say that I was lucky enough to be invited onto the Odd Lots podcast by Joe Weisenthal and Tracy Alloway to talk about money and my kids savings.
Joe and Tracy managed to weave the chat such that we covered the establishment of the Nangle Household Bank, and the evolution of its monetary policy, the basics around inside and outside money, and the complications that target saving poses to monetary policy (where interest rate elasticity of demand has the potential to become small or perversely negative). And they did this in a way that is still fun to listen to, which is quite an achievement! If you are into podcasts and like this blog, it may be of interest.
We didn’t quite get on to the nature of money Venn that I trialled on Twitter the other day (below), but that’s probably good because I have had to rethink the whole Moon thing (with help from Twitter).
And if you want a more worky outline of all of the above, here is a document I wrote a while back that tries to pull it together.