Posts Tagged ‘independence’
Penny Reign
Someday, probably within your lifetime, the one-cent coin will go away. The penny, the first coin minted in the United States, was obviated by inflation before most members of today’s work force were born. Its production cost is more than half again as much as its face value. Its detractors include respected economists, forward-looking [...]
New at Reason: Tim Cavanaugh on the Penny’s Long Reign
Someday, probably within your lifetime, writes Tim Cavanaugh, the one-cent coin will go away. The penny, the first coin minted in the United States, was obviated by inflation before most members of today’s work force were born. Its production cost is more than half again as much as its face value. Its detractors include respected [...]
The Faults of Fractional-Reserve Banking
"... Austrians therefore argue for privatizing money production, shutting down central banks, and letting the market decide what kind of money people want to use. Government wouldn't have to play any active role in the workings of a free-market monetary system.One may hold the view that precious metals — in particular gold and silver, and to [...]
New at Reason: Friday Funnies
In the latest edition of Friday Funnies, Henry Payne celebrates Christmas. View this article.
