Hard money (policy)
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Hard money policies are those which are opposed to fiat currency and thus in support of a specie standard, usually gold or silver, typically implemented with representative money.
In 1836, when President Andrew Jackson's veto of the recharter of the Second Bank of the United States took effect, he issued the Specie Circular, an Executive order that all public lands had to be purchased with hard money.
[edit] See also
- Bullion coin
- Digital gold currency
- Fractional reserve banking
- Gold standard
- Hard currency
- Libertarianism
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