Showing posts with label paper money. Show all posts
Showing posts with label paper money. Show all posts
Thursday, February 6, 2020
Thursday, February 12, 2015
Dirk Ehnts — Benjamin Franklin on “Paper-Currency” (1729)
As Europe struggles with its currency – well, at least parts of Europe – it might be interesting to take a look back at the history of the United States of America, back when they were part of the British Empire. There is a text by Benjamin Franklin from 1729 titled “A Modest Enquiry into the Nature and Necessity of a Paper-Currency“.econoblog 101
Benjamin Franklin on “Paper-Currency” (1729)
Dirk Ehnts | Berlin School for Economics and Law
Thursday, August 8, 2013
Lord Keynes — Early Fiat Money in China
China’s earliest historical experiment with paper money is certainly interesting. I am dealing here with the experiments under the Song dynasty (960–1279 AD)....
The Sichuan regional government made qianyin fiat money its monetary standard for tax payments and expenditure, which, as Chartalism and Modern Monetary Theory would predict, stabilised its private sector value and use in exchange (Glahn 2005: 72).Social Democracy For The 21St Century: A Post Keynesian Perspective
Early Fiat Money in China
Lord Keynes
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