What Has Government Done to Our Money? ethical agenda. Both essays are normally found together in one binding. In "The Case for a 100 Percent Gold Dollar", Rothbard explains how having a currency permanently fixed by law at a certain weight in gold, and always redeemable in gold, greatly incentivizes governments and banks to be much more ethical, civil, and honest in their lending methods, accounting methods, and in their honorable pursuits of other profits related to managing and supplying money to society. He shows how any money, backed by gold or not, is a commodity. He argues any commodity could become a money and that every
Simple commodity production Simple commodity production Simple commodity production (also known as "petty commodity production"; the German original phrase is "") is a term coined by Frederick Engels to describe productive activities under the conditions of what Marx had called the "simple exchange" of commodities, where independent producers trade their own products. The use of the word "simple" does not refer to the nature of the producers or of their production, but to the relatively simple and straightforward exchange processes involved. Simple exchange of commodities is as old as the history of trade, insofar as it has progressed beyond barter, and occurred for