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Legal Tender

Virtual Frenzies: Bitcoin and the Block Chain

Stephen G. Cecchetti | Posted 10.01.2015 | Business
Stephen G. Cecchetti

Bitcoin has prompted many people to expect a revolution in the means by which we make and settle everyday payments. Our view is that Bitcoin and other "virtual currency schemes" (VCS) lack critical features of money, so their use is likely to remain very limited.

Senator Hatch Enters Utah's Silly Season with a Flourish

Bradley T. Borden | Posted 09.13.2011 | Politics
Bradley T. Borden

With more than 30 years of experience in Utah politics, Orrin Hatch understands the political climate there better than anyone. Although his latest statements about the poor are perverse, insensitive, unreasonable, and extreme, he knows what it will take to win reelection.

Utah Recognizes Gold Coins As Legal Tender

CNN Money | Charles Riley | Posted 05.30.2011 | Business

The Beehive State has a new measure on the books that eliminates state taxes on the exchange of gold and silver coins and directs the legislature to s...