What to do now? I’d prefer less Paulson, and more Newton. In the 17th century, English coinage had become widely debased, much as our system of financial instruments has become debased today. In 1696, Sir Isaac Newton was appointed Warden of the Mint, with authority to prosecute counterfeiters, who were not only hung, but drawn and quartered. This, accompanied by a systematic recoinage, worked.
