Happy 50th Birthday to “Junk Silver”

Under the original Coinage Act of 1792, drafted by Alexander Hamilton, the penalty for debasing a coin was death. Under that law, President Lyndon B. Johnson was guilty of a capital offense. Fifty years ago today, Johnson signed the Coinage Act of 1965, setting into motion five decades of currency debasement that continues today. Under … Continue reading Happy 50th Birthday to “Junk Silver”