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When Money Becomes a Monument to Itself
The United States Treasury is considering a new one-dollar coin to mark the 250th anniversary of the Declaration of Independence. The proposal is genuine, although the design remains a draft. Early sketches feature Donald Trump on both sides: his profile beneath the word Liberty on one, and his raised fist with the slogan Fight, Fight, Fight on the other. […]
Security Theatre and the Fragility of Modern Money
When I opened my first bank account, the process was straightforward. A signature, a form of identification, perhaps a conversation with the local manager, and one was welcomed as a customer. Today the same relationship requires considerably more formality. Proof of identity, documented addresses, background checks, and rightly so. Any responsible financial institution must verify […]