From the McKinley Presidential Ticket of 1896

Originally posted on Saturday, September 22nd, 2012 Monetary policy was a central part of presidential campaigns in the past. Candidates would often differ about the best standard for American currency. Below is memorabilia from the McKinley presidential ticket of...

Trobriand Island Culture… and the FOMC.

Originally posted Thursday, September 20, 2012 Share Trobrianders use yams as currency, and consider them a sign of wealth and power. The Trobriand Islanders use yams as currency.  Their practices are summarized in the Wikipedia. Each year, a man grows yams for his...

The First Gold Commission

Originally posted Tuesday, September 18, 2012 Share “(Lewis) Lehrman had in mind a traditional gold standard, restoring dollar convertibility into gold, although he also proposed changing Federal Reserve institutional arrangements, prohibiting open market...