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Posted on 06.18.08 by R. Lee Wrights
“‘Don’t take any wooden nickels’ was an admonition to be careful in your dealings because someone might try to pay you with worthless money. Wooden coins were actually used in trade in America in certain limited circumstances on a local level. A contemporary equivalent could be ‘don’t take any steel pennies.’ The United States House Of Representatives has already passed a bill, HR 5512, authorizing the Treasury Department to substitute steel for the nickel and copper now used in American pennies and nickels.” (06/18/08) Link: http://mises.org/story/3011 Filed under: RRND Commentary | Report Bad Link Bookmark this post in Furl or Del.icio.us | |
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