Mises Daily
Author:
Clifford F. Thies
Online Publish Date:
The Islamic Republic of Iran has just issued a new 50,000 rial banknote. An eye-catching feature of the banknote is the atomic symbol on its reverse side, an orange-hued representation of six electrons in orbit. Money has been “backed” by a wide range of things, from silver and gold, to central banks, to assertions of raw power. This atomic symbol