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Case for a 100 Percent Gold Dollar, The

Case for a 100 Percent Gold Dollar, The

Rothbard shows how money must originate from a commodity. In an ideal system, a dollar would be a unit of weight, and paper money would operate strictly as warehouse receipts for the stock of the monetary metal. There would be no fractional reserve banking. Rothbard offers a rebuttal to the objections to a 100 percent gold dollar raised by Professor Leland Yeager.

Publication Information  In Search of a Monetary Constitution, Leland B. Yeager, ed., Cambridge, MA: Harvard University Press, 1962, pp. 94-136, and Auburn, AL: Ludwig von Mises Institute, 1991; Mises Institute, 2001 (pdf version)
Updated 2/18/2011