Most of the money we use today is:

a commodity money.
backed 100% by gold and silver.
partially backed by gold and silver.
nothing more than bank debt.

The mercantilists were a group of writers and government policy makers who believed that:

commodity moneys should be replaced with debt moneys.
a nation's wealth depended on the amount of gold it held.
the gold standard was self-stabilizing if countries played by the rules of the game.
using gold as money subjected a country to disturbances arising in foreign countries.

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