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Why is a one pound coin worth more than four pennies?

The new 12-sided pound coin released earlier this year The UK's recently-introduced one pound coin is made of 8.75 grams of metal, 76% ...

Nick Rowe points out that if a central bank wants to control the economy's price level, it needn't issue any actual money—it can ju...

No, I'm not talking about sound money in the sense of having a stable value. I'm talking about money that is sound because it can su...

Did Indian PM Narendra Modi get the idea for the recently-executed demonetization by watching old episodes of M*A*S*H, a 1970s hit TV show ...

Somalia has long played host to one of the world's strangest monetary phenomenon, a paper currency without a central bank. I explored th...

"America's only unwanted, unhonoured coin." - John Willem on the silver trade dollar. The inspiration for this post comes fro...

Dutch 10 guilder note. Holland and Lebanon are the only countries to have issued banknotes with bar codes. One of the interesting things tha...

Electrum coins [ source ] First proposed by economist Alfred Marshall in the late 19th century as an alternative metallic standard to the go...