greenbacks

Before Hume, Before Carnegie

For as long as there have been people, there have been great people who have spent their time thinking about money. For as long as money has existed, the reasons to commit so much to studying its beautiful and horrific effects have been obvious. It’s really only been the last half century when ignorance had become the preferred position.So much [...]

144 Years Later, Cooke’s Legacy Still Reminds Us To Understand What Happened Not Just What Happened After

By Jeffrey P. Snider|2017-09-18T18:39:59-04:00September 18th, 2017|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It is a great myth that before 20th century monetary inventions there were no liquidity safeguards in the country. If the Federal Reserve wasn’t founded until 1913, then it may seem that private currency elasticity before then was non-existent. The several bank panics that occurred with almost regularity in the second half of the 19th century seemingly a testament to [...]

Stay In Touch

Contact