Blogs

"Fortune made a dupe of Nero...."

Tacitus, in , describes an incident occurring in A.D. 65-66, of the Emperor Nero being "duped by the report of a vision of a cave of immense depth, which contained a vast quantity of gold, not in the form of coin, but in the shapeless and ponderous masses of ancient days....  Dido...after fleeing from Tyre and founding Carthage, had concealed these riches...." Plaster bust of Nero, from the [16.1] FORTUNE soon afterwards made a dupe of Nero through his own credulity and the promises of Caesellius Bassus, a Carthaginian by birth and a man of a crazed imagination, who wrested a vision seen in …Read more

Shave and a Haircut ... Two Bits.

Shave and a Haircut ... Two Bits. The Federal Reserve Bank of New York's always informative and frequently delightful blogger, Amy Farber, at , provides us with a dip into monetary history... including refreshing her readers' memory as to the origin of the phrases "pieces of eight" and "two bits."  Farber:

Historical Echoes: Aye, That Piece of Eight You Be Thinkin’ of Were a Precursor to Today’s Dollar

Amy Farber

Why do we associate with pirates? Perhaps it has to do with the role of the phrase “pieces of eight” in one of the greatest pirate adventures in literature, * (Robert Louis Stevenson, 1883). It’s Captain Flint the …
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The Fed, created over "wild turkey with oyster stuffing"

The Fed, created over The story of the original design session of the Federal Reserve System has been recounted many times, notably in G. Edward Griffin's highly acclaimed 1998 It was praised by no less than Ron Paul as: "A superb analysis deserving serious attention by all Americans. Be prepared for one heck of a journey through time and mind."  But where did the story of the gathering of bankers on Jekyll Island come from?  All evidence points to B.C. Forbes, grandfather of noted gold standard advocate (and media titan) Steve Forbes.  Jekyll Island Clubhouse and Annex courtesy of retells the telling of the …Read more

The Old New Royal Mint in True Wizard of Oz Fashion

The Old New Royal Mint in True Wizard of Oz FashionWhen Her Majesty's government moved the British Royal Mint in the early 19th century, it was to a building called ... the New Royal Mint.  It is by a long yellow brick wall, "in true Wizard of Oz fashion." According to : [K]eep walking south, following the road as it curves left and then right, passing beneath railway arches and Royal Mint Street on your left, and you’ll see not only the Tower of London ahead, but also a huge walled compound on your left that seems highly incongruous with the sights of the street you’ve just travelled along. New Royal Mint
The New Royal Mint engraving, 1830
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In Memoriam
Professor Jacques Rueff
(1896-1978)

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