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Alasdair Macleod: Money and the theory of exchange
1:50p ET Thursday, October 17, 2019
Dear Friend of GATA and Gold:
The "state theory of money" is useful for government, Goldmoney research director Alasdair Macleod writes today, but it does not cover the original and primary purpose of money -- transactions between buyers and sellers. When the wave of money creation that is now frantically being assembled washes over the world, Macleod writes, people are likely to realize that they need a better means of exchange than depreciating government currencies and it won't take them long to rediscover the monetary metals.
Macleod's analysis is headlined "Money and the Theory of Exchange" and it's posted at GoldMoney here:
https://www.goldmoney.com/research/goldmoney-insights/money-and-the-theo...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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