{"id":22610,"date":"2016-04-16T10:56:18","date_gmt":"2016-04-16T14:56:18","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=22610"},"modified":"2016-04-16T10:56:18","modified_gmt":"2016-04-16T14:56:18","slug":"towards-a-theory-of-shadow-money","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2016\/04\/16\/towards-a-theory-of-shadow-money\/","title":{"rendered":"Towards a Theory of Shadow Money"},"content":{"rendered":"<p><em>Naked Capitalism<\/em> has the post <a href=\"http:\/\/www.nakedcapitalism.com\/2016\/04\/towards-a-theory-of-shadow-money.html\">Towards a Theory of Shadow Money<\/a>.<\/p>\n<blockquote><p>The bigger task that follows from our analysis, is to define the social contract between the three key institutions involved in shadow money: the state as base collateral issuer, the central bank, and private finance.<\/p><\/blockquote>\n<p>I would call this a Donald Rumsfeld moment for me.\u00a0 I have suddenly been introduced to the knowledge of what I didn&#8217;t know that I didn&#8217;t know.\u00a0 Now at least I know that I don&#8217;t know this.<\/p>\n<p>Armed with this, I can learn more about it to turn it into something I do know.\u00a0 You can do the same, if you didn&#8217;t know that you didn&#8217;t know this.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Naked Capitalism has the post Towards a Theory of Shadow Money. The bigger task that follows from our analysis, is to define the social contract between the three key institutions involved in shadow money: the state as base collateral issuer, the central bank, and private finance. I would call this a Donald Rumsfeld moment for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-22610","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=22610"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22610\/revisions"}],"predecessor-version":[{"id":22611,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22610\/revisions\/22611"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=22610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=22610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=22610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}