Since they began to be produced in 1914, Federal Reserve notes have always had a promise or obligation printed on their face. But over time ...
Home » Archive for October 2017
Wednesday, October 18, 2017
cash
chartalism
fungibility
gold standard
L. Randall Wray
legal tender
metallism
MMT
An example of tax-driven money during the greenback era
Cartoon from 1864 poking fun at politicians and greenbacks ( source and explanation ) During the greenback era, the Union government issued ...
Thursday, October 12, 2017
Bank of England
cash
chopmarking
coins
legal tender
scrip
unit of account
The ubiquitous Spanish dollar—a photo essay
"The head of a fool on the neck of an ass." That's how Londoners described the strange silver coin pictured above, which first...
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