Comment: I apologize

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I apologize

I left my book at the office, but Mises wrote an excellent piece on the problems with bi-metallism in Human Action. Im going to bring it home and copy it into a post for you. It focused on the problems in a fixed exchange rate between gold and silver. He covers Gresham's law as it will lead to increased government control in order to force the people to continue to use both metals. Mises outlines the role of government in a free and sustainable monetary system as no more than a publicly funded mint. People are allowed to use whatever currency that vendors will accept and they can bring their bullion to the government mint to be coined for universal acceptance in transactions. Anything more than that will lead to manipulation.