The gold trick

Now that the U.S. debt ceiling season is upon us again, I’ve been wondering if the U.S.’s official gold price is going to finally be revalued from $42.22. Why so?…

“America’s only unwanted, unhonoured coin.”  – John Willem on the silver trade dollar. The inspiration for this post comes from the old trade dollar, a U.S. silver coin that was…

The US$5000 banknote, destroyed in 1969 along with the $10,000, $1000, and $500 notes With the publication of his new book The Curse of Cash, economist Ken Rogoff has ignited…

The Bank of England recently announced that it will end a 300-year tradition of allowing employees to keep chequing accounts at the Bank. You can see an example of a…

I last wrote about Fedwire data two years ago. Since then, Fedwire has entered into a (nominal) recession. Is this something we need to worry about? We should be interested…

Early map of Fedwire. Source: FRBNY The pace of Fedcoin sightings has been accelerating this year. If you’re new to this blog, Fedcoin is a catch-all term I like to…