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Tag Archives: coinage
The Confusion About Gresham’s Law
F.A. Hayek disproves Gresham’s law when applied to multimetallic coinage in a free-market, without fixed exchange ratios. Continue reading →
Posted in Theory
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Tagged Bimetallic, coinage, exchange, fixed, free, gold, Gresham, Gresham's, Law, market, ratio, silver, standard
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