Showing related tags and posts accross the entire site.
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I am currently reading Murray Rothbard's "What Has Government Done To Our Money? & The Case for a 100 Percent Gold Dollar". I recently came upon a curios passage that states the following: "I need not go through the familiar but fascinating story of how gold and silver were selected...
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There must be people on here that are aware of Roy Jastram's fascinating work "The Golden Constant". Its a book sized piece on the gold/commodity ratio from 1580 until 1976. Its a great read if you know about Mises' theory on the interest rate and the Gibson's paradox observation...
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Currency, by definition, is never "hard;" people keep the hard money and spend the least hard. However, the problem is easy if there is a federal system: the central government is mandated to coin both gold and silver coins, the several States adopt one or the other. If someone finds a reef...