The Economics of Legal Tender Laws (by Jörg Guido Hülsmann)

Advanced lecture on the origins of fiat money systems, explaining the transition from commodity money to commercial bank notes and deposits, and from there to fiat money. Recorded 31 July 2010 in Auburn, Alabama.

http://mises.org/media/5267/The-Economics-of-Legal-Tender-Laws

Jörg Guido Hülsmann:
http://wiki.mises.org/wiki/J%C3%B6rg_Guido_H%C3%BClsmann

LUDWIG VON MISES INSTITUTE - CREATIVE COMMONS ATTRIBUTION 3.0

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