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Two Real Anchors

In: A Guide to Good Money

Author

Listed:
  • Brendan Brown

    (Hudson Institute)

  • Robert Pringle

    (Central Banking Publications)

Abstract

Having analysed the main features of both good and bad money, and shown why bad money has such a grip on power, with this chapter the authors move to the practical and political questions facing reformers. In particular, they review how two real, solid monetary anchors might function. One such real anchor would apply to a gold money system; another to a money founded on a diversified basket of equities. The authors start by considering a hypothetical new gold system. They argue that its success would depend critically on gold money and bullion becoming widely appreciated as having “super-money” qualities as both a medium of exchange and store of value. In assessing alternatively equities as the foundation of money, the authors venture into totally new territory with some extraordinary conclusions.

Suggested Citation

  • Brendan Brown & Robert Pringle, 2022. "Two Real Anchors," Springer Books, in: A Guide to Good Money, chapter 0, pages 191-211, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-06041-0_12
    DOI: 10.1007/978-3-031-06041-0_12
    as

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