paper money

  1. Gold As The Monetary System's Sun

    Gold As The Monetary System's Sun
    For millennia, people believed that the sun revolved around the earth, appearing, as it did, on the eastern horizon in the morning and setting on the western horizon in the evening. Greek astronomer Aristarchus of Samos is generally credited with the concept that the universe is heliocentric, with all the planets revolving around the sun. Yet it took a further eighteen...
  2. Think Twice About Going Cashless

    Think Twice About Going Cashless
    No one's talking about the real motivations behind demonetization. Even now, after the chaos caused by India's decision last November to eliminate nearly 90 percent of its banknotes, few people would argue with the policy's underlying assumption: Going cashless is, if handled well, a good thing. Yet the fact is, most arguments in favor of demonetization don't stand up to scrutiny. And...

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