Is silver the future of America's money? This concise analysis argues for a currency built to fit today’s needs.
The book presents a clear discussion of how silver, gold, and the dollar system affect prices, debts, and trade. It weighs the practical consequences of remonetizing silver and the risks of adopting a bi-metallic standard in a modern economy.
Written as a focused extract from a 1877 review, it examines the constitutional and moral questions around paying debts, the Resumption Act, and what coin should back the nation’s money. The argument emphasizes stability, national honor, and the needs of a highly mobile, increasingly connected country.
- Insights into how currency choices influence prices, wages, and everyday commerce
- Plain explanations of coins, debt contracts, and the idea of paying with metal standards
- Considerations of how international gold standards interact with U.S. policy
- Discussion of the legal and constitutional stance on financial obligations and repudiation
Ideal for readers of economic history and policy debates who want a grounded, accessible look at monetary questions from the 19th century that still echo in today’s discussions.