Difference between revisions of "Hard money"
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== Political "Hard Money" == | == Political "Hard Money" == | ||
In [[campaign finance]], hard money means contributions directly to a [[politician]]-candidate's campaign for him to spend however he thinks best. This is the most direct type of campaign support that can be given to a candidate. Accordingly, it is the most highly regulated form of campaign expenditure. | In [[campaign finance]], hard money means contributions directly to a [[politician]]-candidate's campaign for him to spend however he thinks best. This is the most direct type of campaign support that can be given to a candidate. Accordingly, it is the most highly regulated form of campaign expenditure. | ||
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| + | ==See Also== | ||
| + | * [[Economic collapse]]: [[Inflation]], [[Agflation]], [[Deflation]], [[Stagflation]], [[Hyperinflation]], [[Panic of 1907]], [[Panic of 1893]], [[Panic of 1837]] | ||
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| + | * [[National debt]]: [[Federal Reserve System]]'s [[Ponzi scheme]] of [[Quantitative easing]]-[[Debt monetization]] [[devaluation]] of [[Fiat currency]] through [[Money supply]]-[[Treasury bill]]s bought mostly by [[China]] and [[Japan]] | ||
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| + | * [[John Maynard Keynes]]' [[liberal]] [[Keynesian economics]] of [[Barack Obama]] | ||
| + | * [[Ludwig von Mises]]' [[conservative]] [[libertarian]] [[Austrian economics]] and [[Fiscal conservatism]]-[[Conservative economic policies]] of [[Ron Paul]] | ||
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| + | ==References== | ||
| + | <references/> | ||
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[[Category:Economics]] | [[Category:Economics]] | ||
[[Category:Political Terms]] | [[Category:Political Terms]] | ||
Revision as of 20:37, April 9, 2014
Hard money has two independent meanings. Both meanings stand for high value.
Economic "Hard Money"
In economic terms, hard money is usually gold and sometimes silver. Hard money policy backs up paper fiat currency such as dollar bills with the right to exchange the paper for the precious metal. 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, such as Ron Paul, advocate today a return to "hard money" (a specie standard based on gold).
Political "Hard Money"
In campaign finance, hard money means contributions directly to a politician-candidate's campaign for him to spend however he thinks best. This is the most direct type of campaign support that can be given to a candidate. Accordingly, it is the most highly regulated form of campaign expenditure.
See Also
- Economic collapse: Inflation, Agflation, Deflation, Stagflation, Hyperinflation, Panic of 1907, Panic of 1893, Panic of 1837
- National debt: Federal Reserve System's Ponzi scheme of Quantitative easing-Debt monetization devaluation of Fiat currency through Money supply-Treasury bills bought mostly by China and Japan
- John Maynard Keynes' liberal Keynesian economics of Barack Obama
- Ludwig von Mises' conservative libertarian Austrian economics and Fiscal conservatism-Conservative economic policies of Ron Paul