What Has Government Done to Our Money?

$35 an ounce artificially bank notes bank runs bank's banking system bimetallic Bretton Woods Bretton Woods system Britain British pound bullion cash balances Central Bank century circulation classical gold standard clientele clients commodity consumers counterfeiting countries demand for money depreciated dollar economic economists effective exchange rates exports Federal Reserve Fiat Money fiat paper Fluctuating Fiat Currencies foreign fractional-reserve fractional-reserve banking France fraud free market freely-fluctuating gold and silver gold coins Gold Exchange Standard gold or silver gold-exchange Gresham's Law hard money increase inflation issue Jones keep legal tender laws medium of exchange ment metal monetary system money supply money-substitutes ounce of gold overvalued permitted Phase pound sterling price level price of money private coinage problem purchasing power purchasing-power ratio redeemable in gold sell simply Smithsonian Agreement supply of money token coins trade transactions TV set undervalued United warehouse receipts weight worn coins