Category: Macroeconomics

Victor Dubreuil - 'Money to Burn', 1893

Interest rates

Since many enrolled in the clergy are pursuing avarice and shameful profit, and have forgotten the saying of Sacred Scripture: “who has not given his money in usury,” and when they offer loans, they charge a percent, this holy and great Synod justly establishes that if anyone will be found,...

The Gresham's Law / Art by Andre Levy

The Gresham’s Law: Bad money vs. Good money

“The course our city runs is the same towards men and money. She has true and worthy sons. She has fine new gold and ancient silver, Coins untouched with alloys, gold or silver, Each well minted, tested each and ringing clear. Yet we never use them! Others pass from hand...