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Try Steve Keen and his work. He modeled both fixed money and flexible money supply in his dynamical models of finance. You can even download a computer program
by asgard1024 13y ago
Try Steve Keen and his work. He modeled both fixed money and flexible money supply in his dynamical models of finance. You can even download a computer program "Minsky" and try the models yourself.
Edit: He is also a proponent of "endogenous theory of money", which basically says that money can be easily created within the system through debt. In essence, "fiat money" is a fundamental property of monetary systems, and not something imposed by governments.