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Inflation and Monetary Constitutions in Historical Perspective

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  • Peter Bernholz

Abstract

‘[The] power [to alter the quantity of money] should neither be entrusted to the state itself, nor to anybody in it; as there can be no security for the uniformity in the value of currency, when its augmentation or diminuation depends solely on the will of the issuers.’ David Ricardo [1816; in 1962, vol. 4, p. 691

Suggested Citation

  • Peter Bernholz, 1983. "Inflation and Monetary Constitutions in Historical Perspective," Kyklos, Wiley Blackwell, vol. 36(3), pages 397-419, August.
    • Handle: RePEc:bla:kyklos:v:36:y:1983:i:3:p:397-419
    DOI: 10.1111/j.1467-6435.1983.tb02706.x
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    Cited by:

    1. Oliver Bachmann & Klaus Gründler & Niklas Potrafke & Ruben Seiberlich, 2021. "Partisan bias in inflation expectations," Public Choice, Springer, vol. 186(3), pages 513-536, March.
    2. Donato Masciandaro, 1995. "Designing a central bank: Social player, monetary agent, or banking agent?," Open Economies Review, Springer, vol. 6(4), pages 399-410, October.
    3. Peter Bernholz, 1986. "The Implementation and Maintenance of a Monetary Constitution," Cato Journal, Cato Journal, Cato Institute, vol. 6(2), pages 477-517, Fall.

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