2. What is the difficulty in deciding whether to call the following money: gold ingots, gold coin, silver dollars, copper cents, greenbacks, bank-checks, chalk-marks to keep account?
3. Who makes coins? Would jewelers make better ones?
4. What are the advantages and disadvantages of a seigniorage tax?
[CHAPTER 4]
THE VALUE OF MONEY
References.
Fisher, Irving, The purchasing power of money. 1911.
Gibson, Thomas, Special market letters on the increasing gold supply and its effect on security values; interest rates; commodity prices, etc. 1908.
*Johnson, chs. III-VIII, X.
Kemmerer, E. W., Money and credit instruments in their relation to general prices. 2d ed. 1909.
Magee, J. D., Money and prices. J. P. E., 21: 681-711, 798-818. 1913.
*Phillips, chs. VIII, XI.
Round table discussion, Money and prices. A. E. Assn. Bul., 4th ser., 1 (no. 2): 46-70. 1911.
*Source Book, 303-313. (Extract from report of the Secretary of the Treasury, 1911.)
United States Secretary of the Treasury, Finance report, 1911.
Walker, F. A., chs. IV, V.
Questions.