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A Brief History of American Paper Money, with emphasis on Georgist Perspectives

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The Greenback Party - http://en.wikipedia.org/wiki/Greenback_Party   The Issue of Bimetalism and Money Creation, Henry George - Reprinted from The Standard, 21 December, 1889, http://www.cooperativeindividualism.org/george-henry_issue-of-bimetalism-and-money-creation-1889.html  

"The Lost Science of Money" -- Zarlenga, Stephen; Published by The American Monetary Institute

"The Declaration of Independence and the United States Constitution" -- Georgetown University Press (Note: capitalizations are as provided in the original documents)

United States note entry in Wikipedia - http://en.wikipedia.org/wiki/United_States_Note

"Unruly Americans and the origins of the constitution," Holton, Woody

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[2] click hereben-franklin-and-paper-money-economy.pdf  

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[3] Pg, 368, The Lost Science of Money

[4] Pg. 370, The Lost Science of Money

[5] Pg. 375, The Lost Science of Money

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[6] Pg. 378, The Lost Science of Money

[7] Pg. 380, The Lost Science of Money

[8] Lincoln's Populist Sovereignty: Public Finance Of, By, and For the People, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1489439

[10] This writer has argued elsewhere that gold and silver, when used simply as a store of value, as in gold bars, should be taxed, like other forms of Land, under a Georgist paradigm, since gold and silver are two of very few metals that never rust, degrade or age.  The amount of wasted human and natural resources used simply to store gold and silver bullion, plus the under-taxed pollution costs of this intensely polluting industry, makes it something that should be paid for by those who operate it.   George said: "We have deliberately substituted a costly currency for a cheap currency; we have deliberately added to the cost of paying off the public debt" We are digging silver out of certain holes in the ground in Nevada and Colorado and poking it down other holes in the ground in Washington, New York, and San Francisco." (Soc Problems, pg. 168)

[11] Natelson, The Coinage Clause in the Constitution.  

[12] U.S. Supreme Court Center -- Legal Tender Cases, - 110 U.S. 421 (1884) -- Julliard vs. Greenman

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

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