Until President Richard Nixon took the United States off the gold standard in the 1970s, American cash was redeemable for gold or silver. Currently, the U.S. is on a system using fiat currency via the Federal Reserve, as the value of money is based on faith in government and law. While the Federal Reserve maintains control of the physical cash system, some powerful industry forces are trying to change that.
David GomezDavid likes to write about new media, technology, mass communication, politics, and personal finance. He feels that those topics are more interconnected than ever before. He prefers regular toned down culture to the outrageous nature of pop culture found on TV. He still watches the box and accesses mainstream media, but it’s mostly to find things to hate on for entertainment. When he's not writing or bashing pop culture he can be found attending graduate school.
Pros & Cons of Biometrics and a Cashless Society
David Gomez
5 Best Financial Education Websites & Resources
David Gomez
Acquiring an economic and financial education is important, but traditional methods – like books and college courses – cost time and money. And if you’re like me, you prefer to not pay for things.
However, there are many great resources (in addition to Money Crashers, of course) to help you take control of your personal financial education – all without cost. You simply need to get online, and know where to look. While the Internet is loaded with bad – even dangerous – misinformation, you can take advantage of the following five sites.
