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ning need for fixed-value default-free assets. Three trillion dollars of interest-paying reserves can easily be $6 trillion of reserves. We can live Milton Friedman's (1969) optimal quantity of money, in which the economy is awash in liquidity. This optimal quantity will have financial stability benefit far beyon
inneapolis. Kotlikoff, Laurence J. 2010. Jimmy Stewart Is Dead: Ending the World's Ongoing Financial Plague with Limited Purpose Banking. New York: John Wiley & Sons. Krishnamurthy, Arvind, and Annette Vissing-Jorgensen. 2013. "Short-term Debt and Financial Crises: What we can learn from U.S. Treasury Supply." M
tionary theory focused on the selfish gene and, by extension, on the individual whose purpose for living was to survive long enough to reproduce. Milton Friedman influenced economic theory and government policies for decades by positing that people, being fundamentally rational, are motivated first and for
Loneliness: Human nature and the need for social connection (2008, Norton Books) and Handbook of neuroscience for the behavioral sciences (2009, John Wiley & Sons). Cacioppo is also the Director of the Chicago Social Brain Network. Cacioppo has been interested both in the similarities and the differences be
volutionary theory focused on the selfish gene and, by extension, on the individual whose purpose for living was to survive long enough to reproduce. Milton Friedman influenced economic theory and government policies for decades by positing that people, being fundamentally rational, are motivated first and foremos
ding Loneliness: Human nature and the need for social connection (2008, Norton Books) and Handbook of neuroscience for the behavioral sciences (2009, John Wiley & Sons). Cacioppo is also the Director of the Chicago Social Brain Network. Cacioppo has been interested both in the similarities and the differences betwe
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