After spending nearly two hundred pages of detailed analysis showing that political authorities cannot be trusted to manage a monetary standard
in the interest of the common good, Timberlake proposes a return to a strict constitutional interpretation of Congress's monetary powers.
has an incumbency advantage due to the network properties of a monetary standard
dollar's purchasing power by inflation is attributable to its lack of any commodity backing and advocates eliminating legal tender laws and removing the sales tax on gold and silver, so that the market may freely decide what type of monetary standard
(s) there shall be.
government to set up the country's monetary standard
, Congress deemed it appropriate to adopt the monetary standard
represented by this ubiquitous and well-respected coin.
A valid case for low inflation must have to do with the inefficiencies caused by allowing the monetary standard
to vary and by the instability that results when the inflation trend is changed.
By the same token that one would estimate the value of goods according to a certain weight of gold, the length of the silk cloth became a monetary standard
in China and before long it was acceptable even when used in trade with foreign countries.
The goal of bimetallism, where the monetary standard
is a ratio of gold to silver as fixed by government mandate, was a return to increasing the money supply due to the abundance of silver while hiding under the banner of hard currency by using a commodity.
For a couple of decades, the people of the former Yugoslav republics used the Deutsche mark as their preferred monetary standard
for the same reason that people in many countries around the world use the U.
The other unstated but ambiguous issue surrounds whether the real or monetary shocks determined the subsequent deflationary path or whether that path was an additional outcome arising from the international monetary standard
Thus it's not just what is called the monetary standard
, which comprises the laws, regulations, and bureaucracy governing the money supply, but also includes expectations--does the public believe the commitment to zero inflation, or not?
The proposed amendment calling for 1,500 signatures or a $1,500 fee would move the initiative process too far away from citizen activism toward a monetary standard
The Federal Reserve Act had legally preserved gold as the ultimate monetary standard
in the United States.