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Source link: http://archive.mises.org/19875/mises-daily-tuesday-december-13-2011/

Mises Daily: Tuesday, December 13, 2011

December 13, 2011 by

“Will Nickels and Pennies Soon Disappear?” by James E. Miller

Gresham’s law states that overvalued money drives undervalued money out of circulation. Due to their copper content, nickels are worth slightly more than 5¢ and pennies minted before 1982 are worth almost 3¢. It is hard to imagine that these coins will stick around.

“War Collectivism in World War I” by Murray N. Rothbard

WWI served as the model, the precedent, and the inspiration for state-corporate capitalism for the remainder of the 20th century.

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