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