Two notions of fungibility

A few centuries ago, lack of fungibility used to be a big weakness of monetary …

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

Since they began to be produced in 1914, Federal Reserve notes have always had …

An example of tax-driven money during the greenback era

Cartoon from 1864 poking fun at politicians and greenbacks ( source and explana…

The ubiquitous Spanish dollar—a photo essay

"The head of a fool on the neck of an ass." That's how Londoners …

On currency

David Birch recently grumbled about people's sloppy use of the term legal …

A 21st century U.S. trade dollar

"America's only unwanted, unhonoured coin."  - John Willem on the…

Aggressive demonetizations

Prime Minister Narendra Modi surprised Indians today by announcing that India&…