Coins
Coins where copper is sandwiched between nickel zinc metal.
What are clad coins?
Making phony money
What is counterfeiting?
An increase in the amount of money.
What is inflation?
I owe you
What is an IOU?
A worker receives this for his work.
What are wages?
Silver which is 90% pure.
What is fine silver?
Shaving the edges off a coin
What is clipping a coin?
A disc of silver or gold.
What is a coin?
An IOU from the bank
What is a banknote?
The speed at which money changes hands.
What is velocity?
Metal which is added to fine silver to make coins hard
What is base metal?
There ain't no such thing as a free lunch.
There ain't no such thing as a free lunch.
What is TAANSTAAFL?
Shows how good a coin is
What is a hallmark?
A law that requires people to accept paper money, even if it's not backed with anything of value.
What is Legal Tender Law?
A system of government where virtually everything is owned and controlled by the government.
What is Socialism?
Coin-like objects which contain no precious metal.
What are tokens?
Bad money drives good money out of circulation.
What is Gresham's Law?
During the Middle Ages, it was the name of a Bohemian mint that was widely accepted as a very good coin.
What is Joachimthaler?
Money that is not backed by anything.
What is Fiat Money?
There is a higher law than the government's law, and a judge's job is to discover and apply this higher law.
What is Natural Law?
Gold or silver are this type of metal.
When the supply of something goes up, the price goes down. When the supply goes down, the price goes up.
What is the Law of Supply and Demand?
The shortened name for Joachimthaler.
What is Thaler?
Dictators inflate currency because they fear this.
What are Revolutions?
There is no higher law than the government's law
What is Civil Law or Roman Law?