Two notions of fungibility
A few centuries ago, lack of fungibility used to be a big weakness of monetary …
Showing posts with label legal tender. Show all posts
Showing posts with label legal tender. Show all posts
The evolution of the Federal Reserve's promises as recorded on their banknotes
Since they began to be produced in 1914, Federal Reserve notes have always had …
An example of tax-driven money during the greenback era
Cartoon from 1864 poking fun at politicians and greenbacks ( source and explana…
The ubiquitous Spanish dollar—a photo essay
"The head of a fool on the neck of an ass." That's how Londoners …
On currency
David Birch recently grumbled about people's sloppy use of the term legal …
A 21st century U.S. trade dollar
"America's only unwanted, unhonoured coin." - John Willem on the…
Aggressive demonetizations
Prime Minister Narendra Modi surprised Indians today by announcing that India&…
Alfred Marshall
bimetallism
China
coins
compensated dollar
gold standard
Gresham's Law
Irving Fisher
Lars Christensen
legal tender
Milton Friedman
symmetallism
William Stanley Jevons
From ancient electrum to modern currency baskets (with a quick detour through symmetallism)
Electrum coins [ source ] First proposed by economist Alfred Marshall in the la…
Subscribe to:
Posts (Atom)