Is Fiat Currency Actually Better Than the Gold Standard?

Precious metals like gold and silver were once the standard that backed countries’ currencies, but things are different now. Fiat currency has become the norm in the modern world. Though central banks and most economists sing our monetary system’s praises, it also has some disadvantages. Here are some explanations and considerations for how fiat currency […]

Paper Currency in the U.S.: A Brief History

An image of the first Continental Paper Currency used

Although paper currency is associated with modern times, this form of monetary exchange in the United States dates to before the signing of the Constitution. As with many endeavors in the New World, Benjamin Franklin played an essential role in the life of paper currency in the U.S. Franklin’s Role in Early Money In 1690, […]