Monetary Systems

Some articles on monetary systems, monetary system, systems:

Debt-based Monetary System - Scholarship
... that a major problem in getting the public to understand the extent to which monetary systems are debt based is the challenge in persuading them that "things are not the way they seem" In ... Economics commentator Philip Coggan holds that the world's current monetary system became debt based after President Nixon suspended the link between money and gold in ... Coggan goes on to say that debtors often prefer debt based monetary systems such as Fiat money over commodity based systems like the gold standard, because the former ...
Credit Theory Of Money - Scholarship
... that a major problem in getting the public to understand the extent to which monetary systems are debt based is the challenge in persuading them that "things are not the way they seem ... Philip Coggan holds that the world's current monetary system became debt based after President Nixon suspended the link between money and gold in 1971 ... Coggan goes on to say that debtors often prefer debt based monetary systems such as Fiat money over commodity based systems like the gold standard, because the former tend to allow much higher volumes of ...

Famous quotes containing the words systems and/or monetary:

    No civilization ... would ever have been possible without a framework of stability, to provide the wherein for the flux of change. Foremost among the stabilizing factors, more enduring than customs, manners and traditions, are the legal systems that regulate our life in the world and our daily affairs with each other.
    Hannah Arendt (1906–1975)

    There is no legislation—I care not what it is—tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan.
    William Howard Taft (1857–1930)