Friday, October 27, 2017

The evolution of the Federal Reserve's promises as recorded on their banknotes

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Since they began to be produced in 1914, Federal Reserve notes have always had a promise or obligation printed on their face. But over ti...
6 comments:
Wednesday, October 18, 2017

An example of tax-driven money during the greenback era

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Cartoon from 1864 poking fun at politicians and greenbacks ( source and explanation ) During the greenback era, the Union government is...
86 comments:
Thursday, October 12, 2017

The ubiquitous Spanish dollar—a photo essay

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"The head of a fool on the neck of an ass." That's how Londoners described the strange silver coin pictured above, which ...
7 comments:
Wednesday, September 27, 2017

The siren call of T+0, or real-time settlement

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The NYSE's clearinghouse in 1898, six years after its founding Traditional financial systems often get mocked for being slow. In No...
15 comments:
Wednesday, September 20, 2017

Post-demonetization, the role of cash has been diminished

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Narendra Modi's demonetization scheme, which involved the sudden cancellation of all ₹1000 and ₹500 rupee notes, was designed to hurt...
12 comments:
Wednesday, September 13, 2017

When a rising stock market is a bad thing

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If the world had a single cauldron for mixing various monetary phenomena, it would be Zimbabwe. Over the last two decades, it has experie...
24 comments:
Tuesday, September 5, 2017

No rupees left behind

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Data on the world's biggest monetary event of the 21st century—Narendra Modi's demonetization—continues to trickle in. The Reser...
16 comments:
Monday, August 28, 2017

You call that counterfeiting? This is counterfeiting!

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One of the world's most notorious cases of counterfeiting was the 1925 Portuguese banknote crisis, when Artur Virgilio Alves Reis man...
4 comments: