Saturday, October 31, 2009

The Origins of the US Dollar.

Philosopher Ayn Rand once pointed out that it was Americans who coined the phrase “to make money.” Rather than seeing wealth as something looted or distributed, Rand conceived of it as being earned and produced. In America, the embodiment of financial wealth is the US dollar, also known as ‘the buck’ and ‘the greenback’. It seems fitting, then, to reflect on the origins of the dollar – both where it came from and how it evolved into the fiat currency that it is today...Link

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