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overtheedge
Member since May 2012
680 commentaries - 6 followers

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Problems of Coinage - Nathan Lewis - New World Economics

Good article.
I fear that it still won't put an end to the endless prattling about the so-called "Crime of 73".
Bi-metallism has never and will never work so long as money crosses national borders.
Money always crosses national borders.
Thanks

Commented 2979 days ago

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Beginning of the headline :Now that we've been bashing the Mercantilist notion that Britain could have a "shortage of silver," while France has a surplus, while silver can flow freely between the two, let me stop here and say that there really was a shortage of silver coinage in Britain, before 1700 -- and afterwards also, but for a different reason. February 14, 2016: The Balance of Payments January 17, 2016: David Hume, "On the Balance of Trade," 1742 First, let's assume that silver (or gold, but British preferred... Read More

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