The piggy bank originated about 500 years ago at the dawn of capitalism, when ordinary people started to possess silver coins. This 500-year tradition seems to be yet another “minor” detail of life that has been killed by a world dominated by fiat paper money.
President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off as being "tough" in his negotiations, he cannot bluster his way to a stronger dollar, thanks to reckless monetary policies.
Most editorialists and pundits have labeled Jimmy Carter's presidency a failure, but his activities after he left office as a rousing success. The truth is that his successful deregulation efforts have left a positive and lasting legacy.
It was not long ago that signs for “Help Wanted” seemed to be in every store window. However, those signs are now being replaced.
Ryan McMaken and economist Per Bylund discuss the nature of money in our paper-money world. Are Bitcoin and gold money? If not, how do they become money?
Opinion polls and the latest electoral results are at odds with the facts as presented by mainstream media and government statistical offices. What is going on?
Thanks to the Fed's balance sheet and the Fed's policy on reverse repurchase agreements, it's hard to tell whether the Fed is being hawkish or dovish.
Making it harder to do business with Americans is not the way to help domestic workers, small businesses, and everyone else in middle America who has already been getting ripped off under our current political system.
Pundits have labeled piggy banks small change, irrational and wasteful, “just sitting around doing nothing.” As usual, they are wrong.
