Chapter 2: Findings and Analysis- Emergency Spending - National Reserve Currency

2.7.4    Emergency Spending Emergency Spending Critics of a Gold based currency often cite that emergency spending cannot be undertaken the way it can with the Fiat standard. This relates to matters such as the funding necessary during times of war which was a key factor behind President...

Read More

Chapter 2: Findings and Analysis- Problems facing the Gold Standard - National Reserve Currency

2.6     Problems facing the Gold Standard Problems facing the Gold Standard When the gold standard was applied throughout the whole world, it did not experience any problems. However, problems arose when the superpowers opted to fight their enemies using money, by introducing...

Read More

Chapter 2: Findings and Analysis- Benefits of the Gold Standard - National Reserve Currency

2.5     Benefits of the Gold Standard Benefits of the Gold Standard If the benefits of the gold standard were to be compared with the fiat (paper currency) standard and other standards, it would be inevitable that the monetary gold standard would become a global standard. These...

Read More

Chapter 2: Findings and Analysis- The Gold Standard - National Reserve Currency

2.4     The Gold Standard Gold Standard A State would be following the gold standard if it used gold currency in its foreign and domestic transactions, or if it used domestically a paper money which could be exchanged for gold. This paper money could either be for domestic use...

Read More

Chapter 2: Findings and Analysis- Issuing of Currency - National Reserve Currency

2.3     Issuing of Currency Issuing Currency The price is the society’s estimate of the value of goods and the wage is the society’s estimate of the value of services. Money is the medium by which this estimate is expressed. It is the medium which enables us to measure various...

Read More

Chapter 2: Findings and Analysis- Paper Money - National Reserve Currency

2.2.2    Paper Money Paper Money Paper money consists of three types, these are:    1. Intrinsic paper money: These are bank notes representing a certain amount of gold and silver, either coined or in bullion, deposited in a specific place, which have a metallic value...

Read More

Chapter 2: Findings and Analysis- 2.1 Introduction - National Reserve Currency

2.1     Introduction “Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves” - Norm Franz, Money and Wealth in the New Millennium. On the 31st of December 2010, Gold ended the year at $1,420 an ounce:...

Read More

Chapter 2: Findings and Analysis- Price Stability - National Reserve Currency

2.7.3    Price Stability Price Stability Inflation would not occur to the same scale as it does if a nation adopted the Gold Standard. One need not look further than the price of gold as a commodity over the last few years. This is a symptom of people losing confidence in Fiat currencies...

Read More

Chapter 2: Findings and Analysis- Usury & Fiat Money - National Reserve Currency

2.7.2    Usury & Fiat Money Fiat Money Central banks perform various actions to encourage borrowing and investment especially when markets are in recession. These include increasing the money supply in circulation and also by setting a very low interest rate which is then a basis for...

Read More

Chapter 2: Findings and Analysis- Maneuverability Problems with the Gold Standard-Inability to influence the Business cycle- National Reserve Currency

2.7     Maneuverability Problems with the Gold Standard 2.7.1    Inability to influence the Business cycle Influence the Business cycle The business cycle is considered by most mainstream capitalist schools of thought to be integral to the functioning of a free market....

Read More

Chapter 2: Findings and Analysis- Money, Metallic money - National Reserve Currency

2.2     Money Money is the standard by which we measure the benefit found in the commodity and in the effort i.e. goods and services. Therefore, money is defined as being the medium by which all goods and services are measured. Hence the price of a commodity and the wage of a...

Read More

Chapter 1: Introduction - National Reserve Currency

         1.1          Purpose of the Study The main purpose of the study is to understand the theories and practices of Macroeconomics for acquiring in-depth knowledge on Economics. 1.2            Scope...

Read More

Table of Content

Chapter - 1: Introduction                                                                              ...

Read More