Friday, 24 February 2017

History of Money

A Hard Anchor for the Dollar

Posted by Gonzalo Schwarz
November 8, 2013

By Warren Coats After years of destabilizing monetary policy by the Federal Reserve, there is growing sentiment that our fiat currency system should be replaced with a hard anchor. Yet, the gold and silver standard anchors adopted in much of the world over the two centuries preceding the United States’ abandonment of gold in 1971, […]

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Commentary on Troubled Currencies

Posted by Gonzalo Schwarz
July 25, 2013

by Steve Hanke For academics, the term “troubled currency” might be a term of art. But for people who are faced with such a currency, they know a troubled currency when they see one. Today, this is the case for millions of people around the world — most notably in Iran, North Korea, Argentina, Venezuela, […]

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The Devolution of the Dollar

Posted by Gonzalo Schwarz
May 22, 2013

From the Cato Policy Report: For more than 100 years, from roughly 1800 to 1912, the purchasing power value of the dollar under the gold-and-silver standard was essentially constant. With the creation of the Federal Reserve and its discretionary policies of the last century, however, the dollar’s value has declined by more than 95 percent. […]

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What Is a Dollar?

Posted by Gonzalo Schwarz
April 22, 2013

by EDWIN VIERA Mr. Vieira is an attorney specializing in constitutional law. He is the author of numerous publications on monetary law. This is a condensed version of the monograph “What Is a Dollar?,” distributed by the National Alliance for Constitutional Money. All rights to this condensed version are reserved by the National Alliance for […]

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Myth 7: The Gold Standard was Responsible for the Deflation that Ushered in the Great Depression

Posted by Gonzalo Schwarz
December 13, 2012

by Lawrence H. White The most prominent set of criticisms of the gold standard among academic economists in recent years blame the gold standard for the creating the Great Depression in the United States and for then spreading it internationally.  Douglas Irwin (2011, p. 1) summarizes the case and identifies its most cited source: Modern […]

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