Overview

"""Honest Money"" by Arthur Isaac Fonda is a notable work in the field of economics, particularly focusing on the monetary system. Published in 1878, the book presents a critical analysis of the prevailing monetary policies and advocates for a return to principles of sound money. Fonda begins by examining the history of money, tracing its evolution from primitive forms of barter to modern systems of currency. He highlights the importance of honesty and integrity in monetary transactions, arguing that a stable and trustworthy monetary system is essential for the well-being of society. One of the central themes of the book is the concept of honest money. Fonda argues that true wealth is derived from productive labor and genuine economic activity, rather than from manipulation of the monetary system. He criticizes the use of paper currency and fractional reserve banking, which he views as mechanisms for creating artificial wealth and facilitating economic exploitation. Fonda also explores the consequences of inflation and currency debasement, which he attributes to government intervention in the monetary system. He warns against the dangers of fiat currency and advocates for a return to a gold or silver standard, which he believes would ensure stability and honesty in monetary affairs. In addition to his critique of existing monetary practices, Fonda offers recommendations for reform. He proposes various measures to restore honesty and integrity to the monetary system, including the abolition of legal tender laws, the establishment of a system of free banking, and the adoption of a metallic currency standard. Overall, ""Honest Money"" is a thought-provoking work that challenges conventional wisdom about the nature of money and the role of government in monetary affairs. Fonda's arguments for a return to principles of sound money continue to resonate with advocates of monetary reform and sound economic policy."

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9781835915394

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