Credible Currency: A Constitutional Perspective

RT @lawrencehwhite1: @DrorGoldberg @AaronSepulvedaC @flandreaumarc Good question. Eliminating any monetary role for the central bank and Tr…

@DrorGoldberg @AaronSepulvedaC @flandreaumarc Good question. Eliminating any monetary role for the central bank and Treasury--a single point of failure--by reprivatizing the payment system would make a gold standard more credible. https://t.co/4SVvv7SeOW

@mileskimball @t0nyyates @RussOxley A central bank can renege on its fixed-rate commitment / impunity. A commercial bank, Scottish banks redeeming in BPS included, fails if it reneges. https://t.co/oPaiZwQC0v

@david_glasner @sam_a_bell Depends. The most secure gold standard is one without central banks in the picture at all. Then convertibility is a matter of contract, not policy. Besides my Cato piece see on this https://t.co/oPaiZwQC0v

RT @GeorgeSelgin: @jp_koning Once a single bank secures a monopoly of paper currency, as the Riksbank did in 1904, the path to suspension b…

@jp_koning Once a single bank secures a monopoly of paper currency, as the Riksbank did in 1904, the path to suspension becomes much less encumbered, and especially so if the bank belongs to Parliament! See https://t.co/oPaiZwQC0v @lawrencehwhite1

RT @GeorgeSelgin: @MacRoweNick @bechhof details here: https://t.co/Rv0Le3VmR8

@MacRoweNick @bechhof details here: https://t.co/Rv0Le3VmR8