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MONEY120: Monetary History

The history of money and how it has changed over time. The different forms of money that have been used throughout the world and how they have influenced the economy. We will also discuss the role of central banks.

Milton Friedman's Argument Against The Gold Standard: Bimetallism Revisited

MONEY120: Monetary History

Milton Friedman's Argument Against The Gold Standard: Bimetallism Revisited

Milton Friedman's research on US monetary history during the 19th century challenges the conventional view of bimetallism versus gold monometallism, arguing that the superiority of monometallism is dubious. This paper explores the implications of Friedman's findings and challenges the status quo.