The Continental Dollar: Initial Design, Ideal Performance, and the Credibility of Congressional Commitment
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An alternative history of the Continental dollar is constructed from original sources and tested against evidence on prices and exchange rates. The Continental dollar was a zero-interest bearer bond, not a pure fiat currency. The public was promised redemption at face value in specie at fixed future
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美国国家经济研究局创建时间:
2011-08-01



