Angela Redish
Author
Description
"This book presents a history of bimetallic monetary Systems in Western economies and explains why bimetallic standards - rather than silver or gold standards - were in use from the time of Charlemagne until the nineteenth century. Professor Redish argues that token money was a necessary complement to a gold standard, but token money (a fortiori fiat money) needed technological and political expertise that were not in place until the nineteenth century....