Gold: the Monetary Polaris by Nathan Lewis Second Edition: October 2013 This eBook is provided as a public service to improve economic understanding everywhere. Please redistribute it (in present complete format) as you see fit. If you like the book, consider purchasing a print copy to keep for posterity. Electronic media are much too ephemeral. If you would like to make it available in translated form, please contact the author at newworldeconomics.com. Gold: the Monetary Polaris is also available in print format at Amazon.com. Copyright 2013 by Nathan Lewis. All rights reserved. No part of this book may be reproduced or transmitted in any form of by any means electronic or mechanical, including photocopying, printing, recording, or by any information storage and retrieval system, without permission in writing from Canyon Maple Publishing. Published by Canyon Maple Publishing PO Box 98 New Berlin, NY 13411
[email protected] newworldeconomics.com If you think in terms of a year, plant a seed; if in terms of ten years, plant trees; if in terms of 100 years, teach the people. –Confucius [I]n all cases human society chooses for that basis-article we call "money" that which fluctuates least in price, is the most generally used or desired, is in the greatest, most general, and most constant demand, and has value in itself. "Money" is only a word meaning the article used as the basis-article for exchanging all other articles. An article is not first made valuable by law and then elected to be "money." The article first proves itself valuable and best suited for the purpose, and so becomes of itself and in itself the basis-article – money.