A Nation Of Counterfeiters

Prior to the Civil War, the United States did not have a single, national currency. Counterfeiters flourished amid this anarchy, putting vast quantities of bogus bills into circulation. Their success, Mihm reveals, is more than an entertaining tale of criminal enterprise: it is the story of the rise of a country defined by freewheeling capitalism and little government control. Mihm shows how eventually the older monetary system was dismantled, along with the counterfeit economy it sustained.

At the end of the 1970s, Chinese merchandise moved to Brazil via Paraguay, forming an on-the-margins-of-the-law trade chain involving the production, distribution, and consumption of cheap goods. Economic changes in the twenty-first century, including the enforcement of intellectual property rights and the growing importance of emerging economies, have had a dramatic effect on how this chain works, criminalizing and dismantling a trade system that had previously functioned in an organized form and stimulated the circulation of goods, money, and people at transnational levels. This book analyses how exchange networks that produced, distributed, and sold cheap manufactured products animated a huge and vibrant system from China to Brazil, examining the process at global, national, and local levels. From a global perspective, intellectual property is a powerful discourse that governs the world system by framing the notion of piracy as a criminal activity. But at the national level, how do nation-states resist and/or endorse, interpret, and apply a global perspective? And what effect does that have on how ordinary people organize their lives around this system? Interweaving discourse on transnational traders and producers, national projects, and international institutions, Counterfeit Itineraries in the Global South presents low-income traders not as passive victims of globalization, but as active actors in the distribution of cheap goods across borders in the Global South. Based on fifteen years of ethnographic field work in China and Brazil, Counterfeit Itineraries in the Global South will be of interest to scholars of economic anthropology, development studies, political economy, Latin America studies, Chinese studies, and socio-legal studies.

The rapid pace at which digital printing is advancing is posing a very serious challenge to the U.S. Department of the Treasury's Bureau of Printing (BEP). The BEP needs to stay ahead of the evolving counterfeiting threats to U.S. currency. To help meet that challenge, A Path to the Next Generation of U.S. Banknotes provides an assessment of technologies and methods to produce designs that enhance the security of U.S. Federal Reserve notes (FRNs). This book presents the results of a systematic investigation of the trends in digital imaging and printing and how they enable emerging counterfeiting threats. It also provides the identification and analysis of new features of FRNs that could provide effective countermeasures to these threats and an overview of a requirements-driven development process that could be adapted to develop an advanced-generation currency.

A “thoroughly surprising” chapter in the life of Isaac Newton, with a “vivid re-creation of 17th-century London and its fascinating criminal haunts” (Providence Journal). When renowned scientist Isaac Newton takes up the post of Warden of His Majesty’s Mint in London, another kind of genius—a preternaturally gifted counterfeiter named William Chaloner—has already taken up residence in the city, rising quickly in an unruly, competitive underworld. In the courts and streets of London, and amid the tremors of a world being transformed by ideas Newton himself set in motion, Chaloner crosses paths with the formidable new warden. An epic game of cat and mouse ensues in Newton and the Counterfeiter, revealing for the first time the “remarkable and true tale of the only criminal investigator who was far, far brainier than even Sherlock Holmes: Sir Isaac Newton during his tenure as Warden of the Royal Mint . . . A fascinating saga” (Walter Isaacson). “I absolutely loved Newton and the Counterfeiter. Deft, witty and exhaustively researched.” —Junot Díaz, author of The Brief Wondrous Life of Oscar Wao “A delicious read, featuring brilliant detective work and a captivating story . . . A virtuoso performance.” —Sylvia Nasar, author of A Beautiful Mind “Through a page-turning narrative, we witness Isaac Newton’s genius grappling with the darker sides of human nature, an all too human journey reflecting his deepest beliefs about the cosmic order.” —Brian Greene, author of The Fabric of the Cosmos “Levenson transforms inflation and metallurgy into a suspenseful detective story bolstered by an eloquent summary of Newtonian physics and stomach-turning descriptions of prison life in the Tower of London. . . . [The book] humanizes a legend, transforming him into a Sherlock Holmes in pursuit of his own private Moriarty.” —The Washington Post

"This tale of counterfeiting is a treat for everyone...a delightful history lesson...Admirable and altogether charming." -The Washington Post As Ben Tarnoff reminds us in this entertaining narrative history, get-rich-quick schemes are as old as America itself. Indeed, the speculative ethos that pervades Wall Street today, Tarnoff suggests, has its origins in the counterfeiters who first took advantage of America's turbulent economy. In A Counterfeiter's Paradise, Tarnoff chronicles the lives of three colorful counterfeiters who flourished in early America, from the colonial period to the Civil War. Driven by desire for fortune and fame, each counterfeiter cunningly manipulated the political and economic realities of his day. Through the tales of these three memorable hustlers, Tarnoff tells the larger tale of America's financial coming-of-age, from a patchwork of colonies to a powerful nation with a single currency.

For ages, money has meant little metal disks and rectangular slips of paper. Yet the usefulness of physical money -- to say nothing of its value -- is coming under fire as never before. Intrigued by the distinct possibility that cash will soon disappear, author and Wired contributing editor David Wolman sets out to investigate the future of money...and how it will affect your wallet. Wolman begins his journey by deciding to shun cash for an entire year -- a surprisingly successful experiment (with a couple of notable exceptions). He then ventures forth to find people and technologies that illuminate the road ahead. In Honolulu, he drinks Mai Tais with Bernard von NotHaus, a convicted counterfeiter and alternative-currency evangelist whom government prosecutors have labeled a domestic terrorist. In Tokyo, he sneaks a peek at the latest anti-counterfeiting wizardry, while puzzling over the fact that banknote forgers depend on society's addiction to cash. In a downtrodden Oregon town, he mingles with obsessive coin collectors -- the people who are supposed to love cash the most, yet don't. And in rural Georgia, he examines why some people feel the end of cash is Armageddon's warm-up act. After stops at the Digital Money Forum in London and Iceland's central bank, Wolman flies to Delhi, where he sees first-hand how cash penalizes the poor more than anyone--and how mobile technologies promise to change that. Told with verve and wit, The End of Money explores an aspect of our daily lives so fundamental that we rarely stop to think about it. You'll never look at a dollar bill the same again.

Chronicles the lives of three colorful counterfeiters whose schemes reflected the culture of early America, describing their backgrounds and how they exploited period politics, economics and law enforcement to promote their operations.

‘Wide-ranging, witty and fresh ... a stimulating read. Authentic fun’ Tim Harford, Financial Times Best Summer Books 2022 ‘Brilliantly witty, profoundly illuminating, Alice Sherwood is a master storyteller’ Simon Schama ‘Thought-provoking and beautifully written’ Adrian Wooldridge, Washington Post