The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a monetary “bait-and-switch.”
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Editor's PickInvesting
How Fiscal and Economic Crises Prompted Retirement Reforms Abroad—and What They Reveal for US Social Security
Romina Boccia and Ivane Nachkebia The United States is already experiencing the consequences of fiscal excess, driven in part by the growing imbalance in major entitlement programs, including Social Security.…
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Charles Dickens trained many to hate capitalism, but he never understood the difference between envious hatred of wealth and charitable concern for the poor. The true story of his personal…
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Consumer spending does not drive the economy. On the contrary, saving, investment, and entrepreneurship are the critical components of economic growth.
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North Korea showed off its apparent progress in the development of a nuclear-powered submarine. State media released photos of North Korean dictator Kim Jong Un and his daughter, a potential…
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Scandinavia is not socialist; in fact, they are often ranked far higher than socialist economies like Venezuela in terms of economic freedom.
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Losing one’s money, credit cards, and passports in a New York City cab could have been a disaster. Thanks to trust and cooperation among people who didn’t know each other,…
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Politics
Transportation Secretary Sean Duffy’s pregnant daughter rips ‘unconstitutional’ TSA after ‘invasive pat-down’
Evita Duffy-Alfonso, a daughter of Transportation Secretary Sean Duffy, called for the abolition of the Transportation Security Administration (TSA) on Thursday, asserting that she had been treated poorly by agents…
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A Christmas Eve jazz concert at the Kennedy Center was canceled just days after the White House announced that President Donald Trump’s name would be added to the iconic performing…
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Politics
Nearly 20 states sue HHS over declaration to restrict gender transition treatment for minors
A group of 19 Democrat-led states and Washington, D.C., filed a lawsuit against the Trump administration over a declaration that aims to restrict gender transition treatment for minors. The lawsuit…
