FIN WK 1
Additional readings (not required, but recommended by the case study’s author)
Michener, R. (2011, January 13). Money in the American colonies. Retrieved from http://eh.net/encyclopedia/money-in-the-american-colonies/
Schweikart, L. (2001, January 1). The non-existent frontier bank robbery. Retrieved from https://fee.org/articles/the-non-existent-frontier-bank-robbery/
Did it matter to frontier stores that the American dollar was backed by gold? Was there a backstop holding the financial system together?
Considering that local stores and home-grown banks can organically develop and create their own forms of credit, what good is a national currency, or attempts to connect financial markets beyond the immediate area?
What similar problems of the availability of cash and credit might new digital currencies such at Bitcoin solve? If money and financial instruments evolve, what kind of money is best for our society going forward?
