Whatever Happened to Penny Candy? Dollars, Money and Legal Tender

Whatever Happened to Penny Candy? by Richard J. Maybury

4.  Dollars, Money and Legal Tender

 

There is no subtler, or surer means of overturning the existing basis of society than to debase the currency.  The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which only one man in a million is able to diagnose.  ~ John Maynard Keynes, 1883-1946, Economist

Dollars

 

We think that the slip of paper that says “One Dollar” (or coin, in Canada) in our wallet is actually a dollar but we are mistaken.  The one-ounce silver ingot the author has on his desk is actually a dollar.  Why?  Well, let’s see where the dollar came from ……

Continue reading