Three Ways to Avoid the Death of the Dollar—and America

Three Ways to Avoid the Death of the Dollar—and America

Little remains of the vast edifice of family, community and faith relationships that once unified and anchored the American way of life. These things have not disappeared from the horizon. They are still important, but they have deteriorated. There is no more consensus about what they mean, and they no longer serve … Read more

Three Reasons Why Bitcoin Is Not Money

Three Reasons Why Bitcoin Is Not Money

With the dramatic rise of bitcoin, many are talking about this crypto-currency as the new money of the future. Such a simplification is understandable, since the matter of money is complex. Not all that glitters is gold. Likewise, what appears to be money often is not. Bitcoin does nothing to clarify the … Read more

The “Strong Money” of Good King Saint Louis

The “Strong Money” of Good King Saint Louis 1

Speaking with a friend recently, we chanced to talk about money and coins. He is a coin collector and had just visited a coin shop nearby. I mentioned my own studies of medieval economy and its coinage. Much to my surprise and delight, he reached into his inner coat pocket and pulled … Read more