Quarterly Journal of Austrian Economics
Author:
James Kimball
Online Publish Date:
Volume 8, No. 3 (Fall 2005) Throughout much of modern history, gold served as the commodity that most widely facilitated free exchange. While its virtues as a medium-of-exchange were clear to people of previous eras, gold has fallen out of favor, both in its use as money and in the esteem in which it was once held among academics. It used to