Common Cents: Success and Tragedies of American Money
Edition: 3
Copyright: 2026
Pages: 216
Edition: 3
Copyright: 2026
Pages: 202
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For thousands of years, money was a reliable measure of value, shaping economies and societies. America's founders too built a stable money system using only precious metals. But later politicians and bankers dismantled American money and replaced it with something far more fragile: credit money.
Cash, credit cards, electronic bank credits, and the like weaken in value over time and are not a trustworthy measure of economic value. Recent digital money inventions like stablecoins and digital currencies may or may not improve circumstances. The American credit money bubble, which has blown ever bigger for over 160 years, has been the cause of vast inflation, avoidable financial hardship, and surprising environmental damage wherever Dollars circulate.
Discover the truths behind America's financial system-the success and tragedies that American money has brought to the world- and what those truths may mean for your future.
⭐ 2026 Regal Summit Book Award Winner - Business/Investing/Marketing Category!⭐
https://regalsummitbookaward.com/winners
Christopher Guzelian is an Associate Professor in the Department of Finance and Economics, McCoy College of Business, Texas State University and an adjunct professor of law at Texas A&M University.
For thousands of years, money was a reliable measure of value, shaping economies and societies. America's founders too built a stable money system using only precious metals. But later politicians and bankers dismantled American money and replaced it with something far more fragile: credit money.
Cash, credit cards, electronic bank credits, and the like weaken in value over time and are not a trustworthy measure of economic value. Recent digital money inventions like stablecoins and digital currencies may or may not improve circumstances. The American credit money bubble, which has blown ever bigger for over 160 years, has been the cause of vast inflation, avoidable financial hardship, and surprising environmental damage wherever Dollars circulate.
Discover the truths behind America's financial system-the success and tragedies that American money has brought to the world- and what those truths may mean for your future.
⭐ 2026 Regal Summit Book Award Winner - Business/Investing/Marketing Category!⭐
https://regalsummitbookaward.com/winners
Christopher Guzelian is an Associate Professor in the Department of Finance and Economics, McCoy College of Business, Texas State University and an adjunct professor of law at Texas A&M University.