The place that caused all the confusion beginning in 1936, in 1971. Bettmann Archive Recently the value of all gold in the world has risen to about $25 trillion. Not so long ago—under the Federal Reserve chairmanship of Janet Yellen, even—this stash carried a value only three-eighths as much. Total world gold was worth less…
The designers of the policy mix, Kennedy and Dillon. Bettmann Archive Why did Bitcoin come to be? The computer science revolution gave us the possibility of a blockchain. All sorts of neat things can be done with the blockchain, including trading unique pieces of online property that keep their nature after the trade—currency, in a…
Here he extends the Bush tax cuts. (Photo by Alex Wong/Getty Images) Getty Images In his first term as president, Barack Obama extended the reduction in the top rate of the income tax to 35 percent through 2012, two years past the 2010 expiration date that his predecessor, President George W. Bush, had set. Obama…