Tag paper currency

The World’s 12 Greatest Currency Failures

Two of the most important lessons taught by economic history are that 1) Money is a useful store of value that makes trade much easier and economic accelerates economic growth, and 2) when people lose faith in the stability and purchasing power…

The Dollar is Doomed

Last week I helped my 84 year-old father sort through his old coin collection. His modest collection is kept in two old cigar boxes, and judging from all the dust on them he hadn’t looked at them for decades. The…

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