State Issued
Home Tags Bimetallic monetary system

Tag: bimetallic monetary system

A money of account served no purpose in a monometallic system; but in a bimetallic system the device was used to adjust the legal ratio between silver and gold coins to the free market exchange ratio between the metals, by “crying the currency up or down”—that is by increasing or decreasing the values of real coins in terms of the money of account.

Stay connected

- Advertisement -

Related Topics

Tyranny: John Locke

“Usurpation” and “Tyranny”

"Usurpation"“Usurpation” – the exercise of some otherwise legitimate governmental power as to which the particular actor actor enjoys no legal claim.Source: John Locke, Two Treatises of Government,...
Gun Contrlol

“Gun Control”

"Gun Control"In the pre-constitutional period, had the term been current, “gun control” would have meant, not keeping firearms and ammunition away from as many...
unconstitutional powers

“Emergency Powers”

"Emergency Powers"The real "emergency" that confronts Americans is the lust of aspiring and conspiring usurpers and tyrants for power WE THE PEOPLE have withheld...