1. Dollar sign electrifying light in parking lot Donald Iain Smith/Getty Images

    The Old Allure of New Money

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    Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal. None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.

  2. ​President Franklin D. Roosevelt​ signs the Gold Bill (also known as the Dollar Devaluation Bill) ​ Bettmann/Getty Images

    Learning from America’s Forgotten Default

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    One of the most pervasive myths about the United States is that the federal government has never defaulted on its debts. There’s just one problem: it’s not true, and while few people remember the "gold clause cases" of the 1930s, that episode holds valuable lessons for leaders today.

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