How can Mexico best achieve a stable standard of value and, hence, sound money? Mr. Jordan, president and chief …

The government isn’t the only entity allowed to issue money. Private citizens and businesses can too, and throughout U ….S. history, they often have. But private money—as such money is called—isn’t issued much these days. What lessons have our … experiences with private money taught us, and what do they imply for our money today and in the future? …

For more than 200 years, private money systems have operated in the United States, solving problems similar to those … confronting innovative electronic money systems. The high-tech newcomers may be able to benefit from the experience of the low …