Discover a plan for a stable, universal money that uses gold, silver, and careful banking to prevent panics.
A thorough look at how money systems work and why a single standard can create instability, this work argues for a balanced, bimetallic approach that keeps economies steady and currencies trustworthy.
The book explains why the traditional fixed ratio between gold and silver can lead to frequent disruptions, and it offers a practical framework to keep both metals usable as money. It also discusses how paper and credit can support a sound global standard without letting any one metal dominate.
- Why a mixed gold-silver standard is proposed and how it could work in practice
- How paper money and bank credits interact with metal money to influence stability
- The concept of a Silver Safety Fund and rules for adjusting silver and gold reserves
- Critiques of other reform proposals and why this system aims to avoid panics
Ideal for readers interested in monetary history, financial reform, and the debate over gold, silver, and paper money.