currency

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Stack of Gold Coin on Black Background.
Stack of Gold Coin on Black Background.

The BRICs Go For Gold

After months of debate about various currency and commodity baskets, a Russia- and China-led consortium has apparently settled on using gold as the basis of a planned new international currency system separate from the US dollar and euro. Read More ›
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The Story of Money

Ed Moy, former Director of the U.S. Mint, shares five vignettes (“four births and a death”), which illustrate the evolution of modern concepts of money. Read More ›
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Bill Dembski on a DYI Decentralized Currency

Jay Richards interviews mathematician, entrepreneur, and philosopher, Dr. Bill Dembski, about his unique thought experiment regarding how one could create a decentralized, DIY, information-based currency. Richards also explores with Dembski the concepts of natural and artificial intelligence. Trained as a mathematician and philosopher, Dr. Bill Dembski is a writer, editor, and researcher whose books and articles range over mathematics, engineering, Read More ›

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Steve Forbes on Cryptocurrencies and Blockchain Technology

Jay Richards interviews Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, regarding the future of cryptocurrency and blockchain technologies, and the implications of the technologies for global money, global security, and internet architecture. Read More ›
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Currency Trading Is in Chaos — It’s Time to Reconsider the Gold Standard

Trade theorist Paul Krugman, imperious in his Nobel crown; Christine Lagarde of the International Monetary Fund; some 370 economists including 19 Nobel Laureates; and even David Stockman, formerly of the Reagan White House, all agree: President Donald Trump is a menace to world trade and prosperity. As a free-trading supply sider, I once shared these fears. However, I was wrong. Read More ›

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Printing US Dollar Notes
Licensed from Adobe Stock

Close the Mint?

Both the European Union and the U.S. government have proved themselves to be incompetent to mint coins. The Economist Magazine just reported that “1- and 2-euro coins, when clutched in sweaty hands, release 300 times more nickel than is allowed by EU guidelines.” According to The Washington Times: “Three years after its splashy introduction by the U.S. Mint, the Sacawagea Read More ›