Most of the money we use today is:
a commodity money.
backed 100% by gold and silver.
partially backed by gold and
nothing more than bank debt.
The mercantilists were a group of writers
and government policy makers who believed
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