Observations on the Standard of Value and the Circulating Medium of This Country (Classic Reprint) - Hardcover

William Debonaire Haggard

Hardcover

ISBN 10: 0666505284 ISBN 13: 9780666505286

Publisher: Forgotten Books, 2018

Synopsis

How money holds its value and drives commerce

In this discussion, the author examines why fixing a price on gold or using it as a standard can change how money circulates and how trade works. The focus is on real-world effects, not abstract theory, with examples from historical plans and market behavior.

This edition digs into how gold and silver move in and out of circulation, the costs of minting and standardizing bars, and the practical challenges of keeping a stable currency. It also answers why some schemes to fix value might backfire, and what that means for bankers, merchants, and policymakers.

• See how gold’s value interacts with circulation, exchange, and international trade.
• Learn why fixed standards can create unexpected costs and mischief in markets.
• Understand arguments for and against using paper money backed by bullion deposits.
• Explore historical examples and the reasons behind policy choices about coins and notes.

Ideal for readers of economic history and financial policy who want a clearer view of how money, metal, and markets affect daily commerce.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 0666505284
• ISBN 13: 9780666505286
• Binding: Hardcover
• Number of pages: 45