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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label Paper Money. Show all posts

Saturday, July 19, 2014

Paper Money: 353 Years of Wanton Destruction of People's Purchasing Power

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Sovereign Man's Simon Black on the 353th birthday of paper money and the unlearned lessons from the past: If you ever find yoursel...

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Thursday, August 23, 2012

Infographic: History of Money (1821-2012)

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This wonderful infographic from Goldmoney.com (Thanks to Paul Buitink of Goldmoney) To know more about the history of money check out Murra...

Tuesday, February 14, 2012

Paper Money’s Usefulness

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In Zimbabwe, the former Zimbabwe dollar was used as toilet paper or for mural décor . Hungary’s Central Bank discovers a new use. From ...

Wednesday, June 22, 2011

Greeks Go For Gold

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Ah, paper money versus gold. When the public lose trust on the highly flawed system that had been imposed on them, they revert back to the...

Thursday, March 05, 2009

From Paper Money to Food Backed Money?

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Since last year's market crash we noted of the reemergence of barter as way of conducting trade among nations. Essentially the difficul...

Thursday, October 16, 2008

Bretton Woods II: Bringing Back Gold To Our Financial Architecture?

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In our latest blog, Did ECB’s Trichet Fire The First Salvo For A Possible Overhaul Of The Global Monetary Standard? , we indicated that th...

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