1. In an MMO… new money comes in the form of monsters… that provide adventuring objectives for players. The new money, in this case… goes straight into the hands of people who will spend it. … All of this points to the great weakness of the Federal Reserve’s attempts at monetary stimulus: hardly any of the money actually leaks out into the real economy.
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    What the Federal Reserve could learn from World of Warcraft

    MMO-style economies contain important monetary policy lessons for the central bank

     

  2. It’s not quite clear who actually takes seriously the idea of minting a pair of $1 trillion platinum coins to sidestep the upcoming debt-ceiling battle, who just wants the option on the table as a warning to House Republicans, and who’s just having fun with the idea. But it’s pretty clear that the “oddball suggestion” is gaining traction. But somebody would have to grace the design with their trillion-dollar face. Here, 10 suggestions. 

    [Photos: Twitter, TPM]