JP Koning

@jpkoning.bsky.social

monetary economics|history of money|central banking|financial privacy|payments|gold|financial inclusion|cryptocurrency|monetary law|financial crime I write at www.moneyness.ca

The penny was the main unit of currency for around 500 years, until the recoinage of Edward I with the introduction of the groat. Later a half groat, along with several gold denominations, was introduced by Edward III Groat, halfgroat, penny, halfpenny and farthing of Eddy III

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Suffolk Detectorist@sdetectorist.bsky.social · last yr.

Following the recoinage of Edward I in 1279, things turned around, literally....... . One penny . = Two Halfpennies = Four Farthings

NEW: How do you think the US distributes social security benefits to people without bank accounts? If you answered “badly,” you’re correct. Yizhu Wang & I took a look at the latest fumbles in Treasury’s efforts to improve the program, & what’s likely to happen next www.bloomberg.com/news/article...

Lifeline for Millions of Americans Becomes Hot Potato for Banks

The US government has begun phasing out paper checks for unbanked Americans who receive federal benefits, adding to the ranks of millions who rely on Direct Express prepaid cards. The problem: that pr...

bloomberg.com

This is an excellent & worrying interview w/ @petercontibrown.bsky.social. Fed independence is gone the day that Lisa Cook's 'firing' is un-stayed by a court; and once it is gone, it will not be coming back anytime soon, likely not before some inflation disaster hits. Everyone loses. Great job, USA.

Chris Giles@chrisgiles.ft.com · last yr.

Podcast news: I took the reins of The Economics Show this week asking Whaton School prof Peter Conti-Brown "Fed independence - Why should we worry?" www.ft.com/content/be56...

The Fed is not good at talking to citizens. Its communications culture is aimed at markets, which means it knows how to give coded, cautious hints that leave room for negotiation. That means there's little will and no experience with strong, affirmative signals in response to wanton norm-burning.

i find this image so fascinating. it is both a literal example of authoritarianism but also a second-hand reproduction of the aesthetics of other authoritarian states. it's like a simulacra of authoritarianism whose purpose is to attempt to make the simulacra real.

Michael Clemens@mclem.org · last yr.

This is a real photograph of Washington, DC this week, where the United States president has ordered military occupation in peacetime, and ordered the display of colossal portraits of himself. www.wsj.com/politics/pol...

Washington, DC under military occupation in last August 2025, with banners proclaiming the absolute power of the primus inter pares

This is going to do wonders for the Village, in that it will actually make it a village #Montreal’s pedestrian streets project is a resounding success, chiefly because it’s as good for residents as it is for businesses Canadian cities: take note—this is how you rejuvenate post-pandemic #cdnpoli

Oh The Urbanity!@ohtheurbanity.bsky.social · last yr.

Wow! Sainte-Catherine East, in Montreal’s Gay Village, is going to be rebuilt as a permanent year-round pedestrian street. Currently it’s only car-free each year in the summer.