money

When Money Was Simple, Straightforward and Sound

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Good money presupposes good rulers. It is only then that the corrupting influence of money is checked and true prosperity can be established. This was the case of King Saint Louis IX (1214-1270). His reign is remembered as the time of “good money” because of the justice that he administered and the value that it … Read more

A Condition for Sound Money

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Return to Order A Condition for Sound Money

  “The more precise the form in which money renders its services, the smaller is the quantity of money required and the more easily can its place be taken by a more rapid circulation.” (Taken from Georg Simmel, The Philosophy of Money, Routledge, New York, 2008, p. 195.)