Mises Wire
Author:
Sean Corrigan
Online Publish Date:
In a neat admission that his bosses are rotting the money in our pockets, Chicago Fed economist Francois Velde has come up with a bright idea : debase the nickel by a factor of five! “The problem [of the current high price of metal] remains for the nickel, but there is a simple fix that encompasses both coins. If we formally discontinue the