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Tag Archives: Keith Hart

Gold, credit and the Ikon: Three kinds of money

What are the differences between a commodity money, credit money and the Ikon – currency of the future ? Using the gold standard as an example of the first, where the price of gold was fixed and money was convertible into it on demand at that price, gold and sure claims on gold were money….
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Memories of Professor James Buchanan

I first came across James Buchanan through his long-term collaborator and colleague, Professor Gordon Tullock. It must have been in 1972 or 1973. Gordon and I met by accident in Frankfurt, where I was interviewing the then president of the Bundesbank for The Banker, of which I was then editor. We had one of those…
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