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The Case for a 100 Percent Gold Dollar

  • Case for 100% Gold Dollar by Murray N. Rothbard
February 19, 2001

Tags Money and BanksGold StandardMoney and Banking

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.

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Mises Institute, 2001