How did copper coinage arrive in English pockets to complement silver and what can we learn from its introduction?
In this essay, we examine the ‘trimetallic’ initiative operated in India during the early Mughal period.
In this essay, we examine the differences in methodology between Menger and his so-called academic descendants.
How should we look at the cost of making money? This note aims to expand on this.
How do we find the 'grain mass,' from which silver coins such as the rupee or dollar, are demarcated?
Is 'profit and loss' the best frame for general exchange? This note is the beginning of an examination of that assumption.
Lecture notes for the New Austrian School's Goldsmiths lecture series held in October 2014. Lecturers: Antal Fekete; Rudolph Fritsch; Peter van Coppenolle and Sandeep Jaitly. Guest lecturers: Simon Baxter; David van der Linden; Dorisz Albrecht and Tamas Barczikay.
Was this 'assignat' of revolutionary France doomed to failure as 'money' from the start? What happens when someone moves wheat from Paris to Bordeaux?
When did we first record the trading of agricultural futures? What can we learn from that in today's context with the nonsense of monetary fiat?
How do bills of exchange and futures fit together?
An overview of the birth of 'national debt' and our current situation.
The cutler's tale.
The fantasy of a fiat global economy catches up after millennia.
How mayoral duty of care has changed into mayoral landlordism.
A famous episode in the silver pits remembered.
This essay serves those who wish to create their own 'tokens' such as bitcoins or dollars.
Trade today; its distortion under fiat; of 'gaps' and coincidental proposal of 'decipherment' of Indus Saraswati script.
From 'old' to 'new' televisions: investigation into changes in underlying goods making up goods used for a similar purpose.
Mechanical expansion on 'Trade today.' Basis and co-basis.
In loving memory of Antal Fekete, 1932-2020.
Production and use of coinage has accompanied growth of civilization but since the birth of surviving coinage starting from c.2,500 years ago, civilization has been far from civil.
‘Monetary fiat’ – subtler than ‘paper money.’ Covert usury/overtly tradable. Feudal estates to mobile apps. Reasoning for ‘state bank.’
Bills of exchange, assignment and endorsement.
In a previous essay, Henry VIII’s ‘fiscal and monetary actions’ were examined. Of more relevance to Americans today would be ‘The Colony of Massachusetts Bay’ and its subsequent debt.