We keep hearing that Federal Reserve monetary policy will lead to the demise of paper money.
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Under our current system of paper money a few politically connected bankers make those determinations.
The authorities could manage a flexible, paper money system so as to help maintain full employment.
But you could go back and look at the history of every pure paper money.
Grant says Brinks can handle the paper money and Coinstar can process the coins.
Previous experiments in paper money had ended in disaster, most spectacularly in France in 1720.
And in an emergency gold is more likely to hold its value than paper money.
Some lighted red candles or burned paper money to send children into the afterlife.
There was a flight from paper money into gold, jewellery, ghetto blasters and even condensed milk.
The great rivals Jefferson and Hamilton were in agreement as to the evils of paper money.
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Having lived through a period of boom-and-bust land speculation, he distrusted paper money and banks.
The decoupling of work and reward, which inconvertible paper money does, causes a social, and spiritual, malady.
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We hear that productivity (what dollars represent) has not kept up with the increased paper money supply.
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And that crisis in the value of paper money makes physical possession of gold a no brainer.
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But if paper money is being debased, the evidence has yet to show up in consumer prices.
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It makes you wonder whether the eurocrats fear a mass revolt against the new coins and paper money.
Part of the appeal of the metal is that it cannot be created easily, as with paper money.
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It is wrong where (as in the U.S. or Europe today) paper money is depreciating year by year.
Those who doubt the continued worth of paper money as a store of value point to two things.
It is the goods and services produced, not the paper money, that make up the standard of living.
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The same anonymity and untraceability of that crumpled paper money in your pocket is now available in electronic form.
For years people have been talking about the imminent demise of paper money.
Now with gold over valued, silver coins disappeared from circulation and gold coins (and paper money) dominated the currency.
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Meanwhile, the feds keep pretending that the problem is not enough paper money.
Most of the coins were melted down and turned into bullion, therefore impeding future, private efforts to convert paper money.
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Gold was needed to pay foreign suppliers who knew even back then that no good could come from paper money.
Mundell's bedrock belief that paper money must ultimately be anchored to gold is still beyond the economic and political pale.
Fast forward to today and we see that the issuance of paper money has become a vital source of government power.
And unless they repeal the laws of diminishing returns, marginal utility and supply and demand, the paper money will lose out.
However, the monetary base consists not only of gold, but also of paper money and bank reserves created by the central bank.
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