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
Commodity currency on these harmful processes reducing their affiliated externalities. Countries with commodity currencies have difficulty changing their behaviors and reducing externalities with respect to the commodities that have a profound impact on their currencies. For example, the Canadian dollar is closely tied to soybeans and oil. The production of oil is extremely harmful to the environment however reducing its production through Cap and Trade programs or production taxes can be devastating to the Canadian Dollar. Commodity currency A commodity currency is a name given to some currencies that co-move with the world prices of primary commodity products, due to these countries'