Author Archives: One Percenter

The History of Paper Money – Part 5: Working Out the Kinks

bank-of-england-banknote

Over the last few episodes, we’ve seen the intellectual underpinnings of paper money slowly come into place. But having nebulous ideas about why paper money might be good is one thing, getting people to really believe and to trust in it is another matter entirely. And so today we’re going to tackle the development of the one thing that brought

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