The Twentieth Century Money Law

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The only supremacy which silver and gold coin units have over paper and other credit units and it is indeed a very im- portant and significant supremacy is their natural identity of value, weight for weight, with the silver and gold commodity, the very best " standard-measure " embodyment of labor. The commodity precious metals being always on one side of the value measure equation ; and the money precious metal always on the other side, in a half barter function, a part of the volume of credit... units.
169. A. In Economics the basic Law may be defined (alliteratively) ( A :) The Law of Labor- Valuation : 172 ADEDNDA.
B : The primal reference " Standard " will be the ideality, Nature's and-Man's joint and insep- arable Labor: C : " The standard-measure is not at all silver or gold Money " ; but is absolutely Silver-and- Gold Commodity.
D: The silver and gold money will if not " cornered " by the legal-tender Law, naturally hold the value of this " Standard Measure " : E: The paper money will if held to parity with it, maintain the value of the (not-then- cornered) " Silver and Gold Money ": F: All the credit units in use so far.


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