Ricardo on bimetallism

IMG Auteur
 
 
Published : November 16th, 2011
80 words - Reading time : less than a minute
( 1 vote, 5/5 ) , 1 commentary
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
1
comment
Our Newsletter...
Category : Editorials





"Whilst each of the two metals was equally a legal tender for debts of any amount, we were subject to a constant change in the principal standard measure of value. It would sometimes be gold, sometimes silver, depending entirely on the variations in the relative value of the two metals; and, at such times, the metal which was not the standard would be melted and withdrawn from circulation, as its value would be greater in bullion than in coin."


Ricardo



<< Previous article
Rate : Average note :5 (1 vote)
>> Next article
Comments closed
  All Favorites Best Rated  
huh? Please interpret for dummies like me.
Rate :   1  0Rating :   1
EmailPermalink
Latest comment posted for this article
huh? Please interpret for dummies like me. Read more
M. - 11/28/2011 at 6:00 PM GMT
Rating :  1  0
Top articles
Latest Comments
The Blind Leading the Deaf and Dumb
19 MarJ.1
The economic depression looming ahead will be violent, but it could also be very short. All that is required is for the government to get out of t...
Ides and Tides
17 MarThemis
The Federal Reserve chairpeople bring to mind Chamberlain's return from Germany prior to WW II, reassuring the British people of "peace in our time".
The Domino Effect – Romania joins Gold Repatriation exodus
17 MarThemis1
The Bank of England, through its arbitrary refusal to repatriate Venezuela's remaining gold, has lost the trust of smaller nations. It has bowed t...
Sunset Boulevard with Chimp
16 MarGypsy0
Thank you James, for Speaking of Complete Reversals to come. Those on the LEFT, defenders of ObamaCare, are now reversing direction and adopting “R...
Gold Investors: All Eyes on the Striking Implications of the 2012-2...
12 MarWatchdoctor
so long as one group can print as much fake ''money'' as they want, and so long as its passed and accepted by millions if not hundreds of millions ...
Gold Investors: All Eyes on the Striking Implications of the 2012-2...
12 MarWatchdoctor
so long as one group can print as much fake ''money'' as they want, and so long as its passed and accepted by millions if not hundreds of millions ...
Ides and Tides
12 MarS W.
And the word of the year award goes to ORACULARLY used somewhat miraculously by JHK
Climate Change Religion and Related Cover-Ups: What the Hell Is NAS...
05 MarS W.
Well ?? how does that fit exactly with AGW meme. Come on down arrow person with Idea Fixe just enlighten everyone !!
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS