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Compulsory maintenance of the fixed proportion of an exchange for gold or others

Currencies in the past was unique disciplining means, which

Effectively interfered with the monetary authorities to concede to the incessant

To requirements of cheap money. The gold standard, the fixed exchange rates and

Any other forms of obligatory converting on a fixed rate Pursued only one aim: to impose on emitters of currency disciplining bonds

And, having made its regulation automatic, to deprive of their possibility it is any

To change volume of monetary weight. These bonds have appeared too weak to prevent

To the governments them to break off. However, though the regulation reached By means of such automatic control, it was far not ideal and even Not satisfactory, nevertheless such type of regulation was much more more Effective, than it ever turned out at a discretionary power

The governmental monopolies. Firmness of the bodies responsible for the monetary

The reference, before requirements of cheap money it was supported exclusively

Fear of default of the international obligations that was regarded as National shame. I never denied that very wise and politically The independent monetary body could think up something the best, than submit To the obligation to save the fixed parity with gold or other currency. But

I do not have any hopes that in our real world the monetary authorities will be

A little long time to operate according to the good Intentions. Better, than unreliable "a gold anchor"

Of course, for a long time it is time to all to understand that value of the currency exchanged for gold

(Or no other currency), has the source of value of gold, and it is simple It is supported at some level thanks to its automatic control

Quantities. Superstitions die slowly, but even at system of the gold standard

The statement that value of currency is defined by value which would give Use of corresponding quantity of gold in other purposes (or Costs of its manufacture), would be at all more (perhaps, even less)

Fairly, than the return that value of gold is defined by value of currencies, in

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Free 3D Social Icons Free 3D Social Icons represent a free icon pack specially designed for Web pages and applications associated with all sorts of social networks. The pack contains images for various communication technologies and web-sites.

Free Large Business Icons Free Large Business Icons bring you a free icon pack well suited for Web and software projects dealing with any sort of business activities. The icon set is ready for instant and totally free download.

Standard Chess Icons develop chess games and Web sites faster with Standard Chess Icons! All white and black figures are provided as 2D and 3D icons, the graphics for timer and chess board are also present.

Business Icon Set Business Icon Set is a collection of fine-looking stock icons for use in software and on Web projects. They are provided in a variety of formats, sizes and color schemes.

Medical Icons for Vista Medical Icons for Vista has been created to eliminate any misunderstanding arising while looking at a medical Web site or operating a medical software. The images are provided in various sizes and formats.