A smaller but more theoretically ambitious group looked past the states to a national inconvertible currency. Rothbard examines their schemes in detail: suspension of specie payments by the Bank of the United States, permanent abandonment of redemption, and the elaborate proposal of "An Anti-Bullionist," who anticipated a specie-exchange standard with a government board regulating note issue against foreign exchange rates. Thomas Law of Washington emerged as the movement's leading advocate. None of the plans reached a vote, but Treasury Secretary Crawford's reluctant rejection of the idea provoked some of the sharpest monetary analysis of the era.
Podden och tillhörande omslagsbild på den här sidan tillhör
Mises Institute. Innehållet i podden är skapat av Mises Institute och inte av,
eller tillsammans med, Poddtoppen.
