As the story goes, pirates would bite into pure gold coins in order to evaluate their quality, thus creating the original ‘bit coin.’ The new payment system, Bitcoin, which relies entirely on digital money, wasn’t created however, until 2008. The speakers at last night’s Atlas Network event “The Future of Money: Bitcoin, the Gold Standard […]Read More
Monthly Archives June 2014
Notes on the Establishment of a Money Unit
Atlas is pleased to announce the release of a new, limited edition reprinting of Thomas Jefferson’s Notes on the Establishment of a Money Unit, with original photographs of the 1784 text. Envisioned by Atlas Senior Fellow Judy Shelton, this unique and beautifully crafted book provides the historical foundations of America’s ideals towards money and currency. In the foreword, Dr. Shelton asks, “Why did the man responsible for defining the ideals of a nation take it upon himself to define the value of its money unit?” For Shelton, the text, in its original form, makes clear both Jefferson’s thought process and clarifies his objectives. It demonstrates his desire to ensure money in America served as an accurate and reliable standard of value, not as another policy instrument for government to serve its own ends.