On April 21, 1787, the Congress of the Confederation of the United States authorized a design for an official copper penny, later referred to as the Fugio cent because of its image of the Sun and its light shining down on a sundial with the caption, Fugio. Fugio is Latin for “I flee/fly”, referring to time flying by. Read More ›
This month, the Central Bank of Zimbabwe launched a new gold-based currency, the first gold-based currency from a government since Richard Nixon effectively ended the world gold standard system in 1971. As long as the Central Bank of Zimbabwe adheres to some important principles, and doesn't play politics, it should be fine. Read More ›
We buy things with money but pay for them with our time. Money prices are expressed in dollars and cents, while time prices are expressed in hours and minutes. A time price is simply the money price divided by hourly income. Read More ›
As we wrap up one of the most chaotic years in modern memory, members of the BWS team gather virtually to talk about the impact of COVID-19 on our lives. What will the future hold when it comes to masks? The economy? Life in general? While 2020 is one most of us would like to forget, we manage to find several “silver linings” heading into 2021. Read More ›
Public health authorities in California have unveiled a “Blueprint for a Safer Economy” that requires counties to meet new “health equity metrics” in order to emerge from the current Covid-19 lockdowns. It’s a broad experiment in social justice. Read More ›
In the third installment of our Wealth & Poverty Forum, Christopher Rufo, the director of the Center on Wealth & Poverty, interviews Dr. Carlo Lancellotti. Dr. Lancellotti is a professor of mathematics at CUNY Staten Island and the foremost translator of 20th-century Italian political philosopher Augusto Del Noce, who wrote ”The Crisis of Modernity” and ”The Age of Secularization.” Read More ›
“The coronavirus has started to reveal some long standing truths about homelessness, about addiction, and about mental illness,” explains Christopher Rufo director of Discovery Institute’s Center on Wealth & Poverty. “For the past decade, policy makers have largely avoided these questions, or, largely been in denial about the causes of homelessness.” Read More ›
