Index

A | B | C | D | E
F | G | H | I | J
K | L | M | N | P
R | S | T | U | W

A

American revolution, 56

B

Bancor, 105

Bank of England, 68, 70, 76

Banks and Banking,

central, 67, 68–74, 82, 99

free, 45–46, 65, 67

holidays, 71

notes, 40–41, 65

88 percent reserve, 42–43

runs on, 42, 45, 48, 66, 72

wildcat, 46, 67

world central, 105–06 See also Money Warehouse

Barnard, B.W., 25n

Barter, 12–13, 51

Baxter, W.T., 54n

Bimetallism, 36–38, 60–63

Brassage, 58

Bresciani-Turroni, Costantino, 56n

Bretton Woods, 95–98

Business cycle, 57, 88

C

Calculation, 17, 54

Cannan, Edwin, 25n

Cash balances, 33

Civil war, 67, 77, 78

Coinage

and fraud, 22–23

as business, 21

government, 22–23, 57–59, 60, 64–65

private, 22–23, 25, 49, 66

Coincidence of wants, 13

Conant, Charles A., 25n

Continentals, 56, 77

Count Schlick, 19

Counterfeiting, 23, 43, 52–53

Credit, 44, 47–48, 64

expansion of, 71, 73–75, 96

Crusoe economics, 8, 11–12

D

Debasement, 62, 65

Debt, 48, 64

Deflation, 74, 91

Demand deposits; see Certificates of deposit

Dinar, 59

Dirty floats, 89, 103

Dollar

definition of, 86

depreciation, 58, 99, 101–04, 107

origin of, 19

shortage, 81, 96

E

Eurodollars, 98, 100, 102

European Economic Community (EEC), 106

Exchange,

direct; see Barter

foreign, 80–82, 93–95

function of, 11, 17

indirect, 13

medium of; see Money

rates, 19–20, 38, 78, 80, 86, 89, 104–06

ratios, 17, 27

values in, 12, 29

voluntary, 11

F

Farrer, Lord, 63

Federal Reserve Deposit Insurance Corporation (FDIC), 71

Federal Reserve System, 7, 68

origins and history of, 68, 72n

policies of, 69–72

pronouncements of, 72, 75

Foreign Aid, 81, 96

Fractional reserve; see Banking

Friedman, Milton (Chicago School), 94, 100, 103, 104

G

Gardner, Richard N., 93n

Garrett, Garet, 79n

Genoa Conference of 1922, 91

Gold bullion standard, 76, 82

Gold exchange standard, 82, 91–92

Gold standard, 19, 21, 38, 74–77

classical, 86–88, 91

Gold window; see Bretton Woods

Greenbacks, 77, 78

Gresham's Law, 24–25, 60–64, 80–81

Groseclose, Elgin, 60n

H

Hoarding, 25, 30–33, 71

Hull, Cordell, 93

Hume, David, 28, 87

I

Inflation, 43, 49, 53–57, 65–67, 72, 75, 97

effects of, 53–57, 86, 87–88

hyper-, 80

as taxation, 51–57, 84

investment, 57, 93, 101

J

Jacksonian “Hard Money” movement, 67

Jevons, W. Stanley, 38n, 45n–46n

K

Keynesians, 100, 105, 106

L

Laughlin, J. Laurence, 25n

Legal tender laws, 8, 63, 78–79, 88

Livre tournois, 59

Lopez, Robert S., 38n

M

McManus, T.R., 72n

Menger, Carl, 15n

Mises, Ludwig von, 15n, 25n, 38n, 63n

Monetary

breakdown, 76–77, 79, 85–07

policy, 25, 29–30, 32, 34, 43–44, 47, 49, 52–54

stabilization, 34–36

Money,

and government, 15, 19, 22–24, 35, 36, 51–52, 57–59, 65, 67, 68–72, 79–84, 88

as commodity, 14, 15–16, 33, 77

as medium of exchange, 14, 17, 29, 32, 36, 39

as unit of account, 17–18, 32, 37

as unit of weight, 18, 19, 59–60, 86

as warehouse receipt, 39, 45, 48, 66

coexisting, 36–38

demand for, 15, 31–32, 33, 49

fiat, 57–59, 77, 80, 93–94, 101, 103–05

gold as, 14–15, 17, 18, 21, 26, 37–38, 41, 49, 57, 62, 69, 77–79, 87

hard, 46, 92, 96

origin of, 11, 15, 48, 58

price of, 15–16, 21–22, 24, 27–29, 33, 34–36, 49, 98–99

shape of, 20–21, 26, 39, 65

silver as, 14, 19, 21, 37–38, 49

substitutes for, 40, 65

supply of, 16, 25–30, 32, 34, 43–44, 47, 49, 52–54

velocity of, 33

warehouses, 39–42

N

Nelson, R.W., 72n

Nixon, Richard M., 85, 101, 102

P

Palyi, Melchior, 76n, 88n

Parallel standard, 38, 61–63

Phillips, Chester A., 74n

Phoenix, 105

Pound sterling, 19, 90–92, 93, 95, 96

Price, 27

control of, 24, 60

level, 17, 26

Purchasing power, 29, 35, 55

R

Reserve ratio 42, 69, 74

Revenue

government, 51–52

Robbins, Lionel, 90n

Rothbard, Murray N., 57n

Rueff, Jacques, 97, 100n, 105

S

Savings, 31, 57

Second Bank of the United States, 68

Seigniorage, 58, 59

Smithsonian Agreement, 85, 101, 102

Special Drawing Rights (SDR), 99–100

Specialization, 12, 14, 23

Spencer, Herbert, 24n

Spooner, Lysander, 25n

Structure of production, 16

Sylvester, J.W., 38n

T

Taussig, Frank W., 79n

Taxation, 51–52

Thaler, 19

Trade,

international, 101, 103

volume of, 26

Two-tier gold market, 99

U

Unita, 105

Upton, J.K., 79n

W

Walker, Amasa, 45n

War of 1812, 66

White, Harry Dexter, 105

White, Horace, 67n

Winder, George, 82n

World Reserve Bank (WRB), 105

World War I, 89, 93

World War II, 56, 93, 104