What Has Government Done to Our Money?

$35 an ounce American banking system bimetallism Bretton Woods Bretton Woods system Britain British pound bullion cash balances Central Bank century circulation classical gold standard clients commodity consumers counterfeit countries demand for money depreciated dollar economic economists European exports Federal Reserve fiat money fiat paper fixed exchange rates Fluctuating Fiat Currencies fractional reserve fractional reserve banking France fraud free gold market free market Friedmanite gold and silver gold coins gold or silver gold ounces gold-exchange standard governmental Gresham’s Law hard money increase inflation inflationary issue keep legal tender laws Ludwig von Mises medium of exchange ment metal Mises Institute monetary system money substitutes money supply ounces of gold overvalued permitted Phase pound pound sterling price of money private coinage problem purchasing power Reserve Bank seigniorage sell simply Smithsonian Agreement supply of money tion token coins trade transactions undervalued United warehouse receipts weight worn coins