Research Fellow William J. Watkins, Jr., argues the dollar today is backed by little more than the coercive power of the government, and that the drift from the founders’ hard-money design is why the debt keeps compounding.
“Most academic journals talk only to themselves. The Independent Review talks to everyone. … This collection highlights the best of the best from three decades of great scholarship. A real treasure.”
—Research Fellow Jonathan J. Bean, Professor of History