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Hard money (view source)

Revision as of 02:25, March 13, 2007

362 bytes added ,  02:25, March 13, 2007
explained, with conservative position
Hard money policies consist of a specie standard, usually gold and/or silver, whereby paper currency is backed by the precious medal. In other words, hard money can be exchanged for a set amount of gold or silver. This was popular among [[conservatives]] in the late 1800s, and some [[conservatives]] advocate a return to a specie standard based on gold today.
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