All Posts Tagged With: "currency depreciation"
Abolish Legal Tender
Alex Moseley teaches economics at the University of Evansville’s British campus at Harlaxton Manor. An advertisement in an English newspaper offers a one-million-dollar bill for sale—at the remarkably reduced price of £29.95 (about $50.00). However, this great deal comes with the words “Not Legal Tender.” Thereby the advertisement unwittingly presents the essential problem of national [...]
1Feb1999 | D. Alexander Moseley | 3 comments | ContinuedThe Central Banks
Mr. French is a vice president in commercial real estate lending for a bank in Las Vegas, Nevada. Believing that America’s central bank, the Federal Reserve, has almighty power over interest rates and, in turn, the well-being of the country’s economy, the financial press constantly focuses its attention on the actions of the Fed. Fed [...]
1Dec1996 | Douglas E. French | 0 comments | Continued-
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