A Brief History of American Paper Money, with emphasis on Georgist Perspectives
Please cite the paper as:
“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”
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.