Compare barter and currency systems. Discover why currency dominates modern trade and explore the evolution of digital ...

Forbes contributors publish independent expert analyses and insights. A few years ago I wrote a piece, for Public Discourse, called “Montesquieu and the Monetary System.” It discussed our having fiat ...

Discover how currency unions impact global economies, their historical development, and the critiques they face. Learn about ...

Even Milton Friedman—who never supported gold as money—admitted that a monetary system based on gold would “take care of ...

THE European money crisis only dramatized what many experts have long regarded as an unassailable dictum: the free world’s monetary system is overdue for an overhaul. That system—the internationally ...

Good afternoon. I would like to thank Governor Jordan and the Swiss National Bank for co-hosting our High-Level Conference here in Zurich. Our discussions today—at the 10 th edition of this conference ...

Over history, the world has adopted the currency of the leading country for global payments. The USD is, arguably, the first global currency untethered from precious metals. Despite external ...

This is an opinion editorial by Taimur Ahmad, a graduate student at Stanford University, focusing on energy, environmental policy and international politics. Author’s note: This is the first part of a ...

An almost-forgotten 19th century episode shows that international cooperation can be essential for a stable global monetary system The year 1873 marks a turning point in monetary history. In July, the ...

2026 will likely be the year when we will start to see serious flaws, with the pure fiat global monetary system exposed. The root cause is the need for accommodating central bank policies in the face ...