The Essential Elements of a Monetary System - Softcover

R. M. Widney

 
9781331351931: The Essential Elements of a Monetary System

Synopsis

This book delves into the historical and economic significance of the monetary system as an essential element in the development of civilization. The author argues that the volume, safety, elasticity, convertibility, uniformity, and circulation of money are all crucial factors in determining the overall strength of a monetary system. Recognizing the need for an international money system, the author proposes an international clearinghouse model to facilitate global financial transactions and avoid the disruption of individual economies. Additionally, the book examines the challenges associated with silver and gold as currency and proposes an innovative solution based on the creditworthiness of sixty-six million people. By exploring these complex topics with clarity and depth, this book provides a comprehensive understanding of the monetary system and its impact on nations and individuals.

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