Thursday, September 02nd, 2010

audio by title george selgin good money commercial coins in britain

Inquiry: George Selgin: GOOD MONEY: commercial coins in Britain

Inquiry
George Selgin: GOOD MONEY: commercial coins in Britain

In The late 1700s Britain ran out of change!!! There just were not enough pennies to go around. This meant that factory workers could not be paid and the Industrial Revolution was quickly grinding to a halt. To make matters worse, the Royal Mint just didn’t care, because minting lower denomination coins was beneath them. So what was a working person to do?