bullionism


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bullionism

the doctrine that paper money should at all times be convertible into bullion. — bullionist, n.
See also: Money
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References in periodicals archive ?
The most rigorous criticism against bullionism appears in England's Treasure.
The only difference is that Mun uses it properly against bullionism, while Hume uses it incorrectly against mercantilism.
Although this is not an indication of crude bullionism (Pierre Vilar, "Primitivos espanoles"), it is one of the most salient features of all economic commentary of the early modern period.
Assembler era nanotechnology will create a new kind of bullionism.
Bullionism Belief that the economic health of a nation could be measured by stocks of precious metals like gold.
Bullionism largely collapsed with the realization that it is more beneficial for a nation to use its wealth to produce social benefits and greater economic stability.
This 'openness' in Tooke's bullionism was seen and appreciated by Ricardo, who, writing to James Mill in 1823, refers to Tooke as a potential ally: 'I hope Tooke is making great progress with his book--he is a very useful and able ally' (Ricardo to Mill, 14 January 1823; in Sraffa 1951-1973: vol.