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Where have all the coins gone?
Commodity Money, Economic History, Fiat Money, Money & Politics, News

Where Have All the Coins Gone?

Will Luther/July 10, 2020June 19, 2022

“If you put the federal government in charge of the Sahara Desert,” the economist Milton Friedman once quipped, “in five years there’d be a shortage of sand.” The U.S. Mint, to its credit, had a much longer run. The Federal Reserve, which purchases coins from the Mint…

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