Money

Few people probably remember the initial origin of the 2008 financial crisis, but it started in 2007 when a business unit of Bear Stearns began to see a little bit …

While the gold standard may have offered unprecedented monetary stability to the world, for much of history most countries in the world were actually on silver standards. China was a …

Despite the supposed strength of the US labor market that is touted throughout the mainstream financial press, the reality isn’t so rosy. That’s especially the case for younger workers, who …

Democratic Presidential contenders seem to be falling all over themselves with plans to soak the rich. From higher income taxes to wealth taxes to financial transaction taxes, there’s nothing that …

While the Coinage Act of 1792 established the US Mint and the American system of coinage, it took years for the Mint to really get started in creating money. With …

One of the most pernicious aspects of the Federal Reserve’s response to the financial crisis was how it incentivized people to take on more and more debt. With an economy …

If you’re like most people, you’ve probably never heard of the Latin Monetary Union (LMU). The LMU was a monetary union established in the 19th century to unite the currencies …

There’s no shortage of scumbags out there looking to take advantage of the elderly. And there’s no limit to how their devious imaginations work to try to come up with …

The Liberty Head series of gold coins was long in the tooth by the end of the 19th century. All major American circulating coinage, in fact, had retained the same …

One of the many problems with governments getting involved in setting monetary policy is that the conduct of monetary policy necessarily picks winners and losers. Due to the distributional effects …