“Fiat money,” reads one of many such panegyrics, “is the most significant innovation in money since the Lydians minted their first coin. For the first sustained period, countries, and of course their ...
The last Lincoln penny was recently struck at the U.S. Mint in Philadelphia. Its removal from circulation marks just one of many changes that American currency has undergone since 1792, when the ...
Learned, lively and often irreverent, David McWilliams’s “The History of Money” is rich with surprising details about currency, then and now. By Alexandra Jacobs When you purchase an independently ...
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