Topic: Currency

The War on Cashless Stores

– March 27, 2019

If you’re a store owner in Philadelphia or the state of New Jersey, and you don’t accept cash from your customers, pretty soon you’ll be breaking the law.

Cryptocurrency, Currency

The Case for Prepaid Debit Cards

– March 21, 2019

Financial privacy and autonomy are important. But cash and cryptocurrencies are not the only means to those ends.

Cryptocurrency, Currency

Goodbye Cash, Hello E-krona

– November 27, 2018

The Riksbank—Sweden’s central bank—intends to issue a digital currency.

Central Banking, Currency, Monetary Policy

Swedish Monetary Ingenuity

– November 19, 2018

Sweden has been at the forefront of monetary experimentation for centuries. Now they have the distinction of being the only country in the world to experience declining growth in cash in circulation.

Currency

Is China Printing Your Banknotes?

– October 30, 2018

Chinese traction in the small but hypersensitive banknote market indicates that it is succeeding in earning global credibility. But most sizable nations continue to rely on their own state print works.

Currency, Gold Standard

Government, Gold, and Separating Money From the State

– October 24, 2018

Money did not originate in the laws or decrees of kings and princes. Money, as the generally accepted medium of exchange, emerged out of the market transactions of a growing number of buyers and sellers in an expanding arena of trade.

Currency, Daily Economy News, Free Markets, Gold Standard, History, Property Rights

Voting Is Not Self-Expression

– October 24, 2018

Voting may be many things, but the least of them is self-expression. Conceding the sufficiency of multi-billion dollar political contests among highly vetted, meticulously-coached candidates is a guaranteed road to self-negation.

Currency

Should the U.S. Issue Supernotes?

– September 3, 2018

J.P. Koning argues that the U.S. government should issue—and tax—$500- and $1,000-denomination notes. James McAndrews, Joshua Hendrickson, and William Luther respond.

Currency

A Revealed Preference for Money

– August 27, 2018

People use money. That itself tells us something about why we shouldn’t eliminate it.

Currency

What’s Up With the $1 Coin?

– July 23, 2018

As far as monetary reforms go, the $1 coin’s removal may not be very flashy. But it seems like a no-brainer.

Currency

Pricing the Anonymity of Banknotes

– May 9, 2018

Banknotes are useful. Not only do they provide their owner with a standard set of payments services, they also offer financial anonymity. How might a government price the anonymity component?

Currency, Gold Standard, Sound Money

Fiat Money’s Legal Monopoly

– April 18, 2018

Requiring that citizens track transactions in gold or alternative currencies and pay taxes on gains and losses relative to the dollar is just another mechanism for keeping the monetary playing field unbalanced in favor of government fiat.