The story inside
Part 1The State and the Economy
A government raises the tax on phone companies, and three months later the phone bill goes up: who really paid? In 2021 alone Google paid more than $26 billion to come preinstalled, and a federal judge answered with a law from 1890. In September 2022 British pension funds, holding a byword for safety, faced cash demands they could not meet. And in 1902 Hanoi paid a bounty for every rat tail, until tailless rats were running through the city.
Part 2The Twenty-First-Century Economy
Then the questions that are still open. Finland gave 2,000 unemployed people 560 euros a month with no conditions, even if they found work. South Korea’s fertility rate fell to 0.72 children per woman in 2023. In 1932 a small Austrian town issued money that lost value every month. And in 2018 Sweden, the most advanced country in the world in digital payments, asked its parliament to make banks keep providing cash. Why?