Gold: The Once and Future Money (Agora Series)

This model ignores interest rate differentials, the balance of payments, capital flows, price levels, growth rates, differences in taxation systems, tariffs, government debts and deficits, unemployment rates, stock market movements, savings rates, or any other such thing. These things may affect the demand for money and are thus of interest to curr

mercantilist

the U.S.

Actually, monetary theory could be grasped by a dedicated student in less than a year, which is about nine years less than the time required for rocket science—unless, of course, that student already has an advanced degree in economics, in which case it may take a lifetime, if he or she is lucky.

A French invasion of Britain was widely expected, and in February 1797 a small complement of French troops landed in Wales. They mistook a distant gathering of women in Welsh costume as British troops, and promptly surrendered.