Money Dethroned
by Emil Sandstedt
In the 18th century, economic experiments with paper money emerged in full force out of the more advanced economies of that time. Initially crude, naïve and highly dangerous, the phenomenon of inconvertible paper continued to wreak havoc in more recent centuries and is once again threatening to implode, proving that the lessons of history are hard to note over the siren call of cost-less money production.
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