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Category: Economy

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How did the Ponzi scheme get its name?

A Ponzi scheme is a “rob Peter to pay Paul” financial scam in which early investors are paid returns with money from later investors rather than ...
Where did the dollar sign come from?

Where did the dollar sign come from?

If you're wondering where the dollar sign ($) came from, you're in good company.
Why do coins have ridges?

Why do coins have ridges?

Ever wonder why some coins have those little ridges along their sides? The answer goes back to 1792, when the Coinage Act established the U.S. Mint. That ...