According to Paul Krugman, a contributing cause to a depression is hoarding and, concerning this, I have no real quarrel.[1] It is concerning the ability of the market to address the problem of ...

In 1932, at the worst point in the Great Depression, the small city of Anaheim, California, pioneered an experiment in self-liquidating stamp scrip. It was intended as a means of reducing unemployment ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir, Martin Wolf considers the need for a Greek deal (June 3). One possibility is for the Greek government to ...

IN 1933, in the depths of the Depression, Irving Fisher, America's most prominent economist, wrote a pamphlet on “Stamp Scrip”. This was a type of alternative currency popular in America and elsewhere ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In the winter of 1932 the town of Hawarden in the US state of Iowa began printing and distributing scrip ...

Compare the terms demanded of the Greek government to those offered to the banks. Eurozone ministers now insist upon unconditional surrender: a national abasement that makes a mockery of democracy.