EPISODE · Aug 5, 2026
The Dollar: Independent Name or Unit of Weight?
from Mises Media · host Murray N. Rothbard
The conceptual core of the essay. Rothbard answers the charge that gold advocates want government to fix a price by rejecting its premise—“dollar” was never an independent entity but a name for a weight of gold. He shows how money is properly obtained only through production, and argues that a bare name could never have arisen as money on a free market.
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