The U.S. Currency System: A historical Perspective
نویسنده
چکیده
HE USE OF CURRENCY in transactions is a regular part of our daily lives and a basic feature of our economic system. The importance of currency derives both from its obvious role in daily transactions and from the somewhat more subtle role of the currency system as the basis for our monetary and financial systems. The currency system is so fundamental to economic activity that we tend to give it little thought. Few of us would have an easy time imagining what alternative systems might be like or why they might be desirable. Indeed, it seems likely that most of us, if pressed, would offer the opinion that the present currency system is the only one that is feasible—or at least, the only one that is desirable.
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