A Brief History of American Paper Money, with emphasis on Georgist Perspectives
Please cite the paper as:
&lquo;Scott Baker, (2013), A Brief History of American Paper Money, with emphasis on Georgist Perspectives, World Economics Association (WEA) Conferences, No. 1 2013, The political economy of economic metrics, 28th January to 14th March, 2013&rquo;
Much has been written about the nature of money, but almost all of it treats money as if it was synonymous with debt, i.e. as debt-money. However, there exists a class of sovereign money, largely unknown in our time, but prevalent in large quantities in Henry George’s time (1839 – 1897), which was written about, appreciated by a money-starved public, and even used as the foundational issue for a political party, the Greenback Party. The constitution and precedence in the Legal Tender cases of Henry George’s time, and beyond, allows for a return to debt-free money.