Understanding United States Money

United States Silver Money This is silver money. It is in fact and in law a one dollar coin as provided for by the Coinage Act of 1792. It is in conformity with the dollar referred to in the 7th Amendment to the Constitution. This is not a dollar. It is a promise to pay […]

Six Reasons Why Promoting the Gold Standard is a Mistake

gold wars cover

Promoting the “gold standard,” even with modifiers such as “classical,” “pure,” “100%” and others, or any monetary regime whereby paper money is “backed by,” “redeemable into,” “pegged to” or in any other way related to gold is a mistake for six reasons: The gold standard is not authorized by the Constitution. The only money authorized […]