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Hosted by David Beckworth of the Mercatus Center, Macro Musings is a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

May 13, 2019

Robert Graboyes is a senior research fellow and health economist at the Mercatus Center and has formerly worked for the Federal Reserve Bank of Richmond and Chase Manhattan Bank. Robert joins the show today to talk about monetary history and specifically the history of small coins. David and Robert also discuss a number of different coins and the history surrounding them, ranging from civil war tokens to early Roman currencies.


Transcript for the episode:


Robert’s Twitter: @Robert_Graboyes

Robert’s Mercatus profile:


Related Links:


*Anticipations of the General Theory?* by Don Patinkin


*Notre-Dame and the Myth of Timelessness* By Robert Graboyes


Coins discussed during the interview:


20th century token from Kopper’s Stores, a coal mine company store in West Virginia:


A coin from Diocletian:


Groat (four pence) piece from Henry VII:


U.S. Trade Dollar, designed specifically for use only in the Orient:


Civil War token, used as private coinage during the wartime inflation and metal shortage:


Trade token, origin unknown:


David’s blog:
David’s Twitter: @DavidBeckworth