The Money Question: the Legal Tender Paper Monetary System of the United States. an Analysis of the Specie Basis or Bank Currency System, and of the Legal Tender Paper Money System

The Money Question: The Legal Tender Paper Monetary System Of The United States. An Analysis Of The Specie Basis Or Bank Currency System, And Of The Legal Tender Paper Money System by William Augustus Berkey. The book examines the United States monetary system, arguing that private banking and the bullion-based currency concentrate wealth and undermine general prosperity. Berkey advocates a government-backed, public-note money system that is fully legal tender, tracing history from colonial currencies, Continental money, and the Bank of Venice to modern National Banks. He critiques contraction policies and the push for specie resumption, and promotes a monetary framework centered on public notes representing property and the sovereign authority to regulate currency. The work emphasizes that money should serve labor and production, not dominate it, and calls for reform to empower the masses through sound monetary principles.