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Thomas Edison's Monetary Option

David Hammes and Douglas T. Wills

Journal of the History of Economic Thought, 2006, vol. 28, issue 3, 295-308

Abstract: In 1922, Thomas Edison publicly introduced his latest invention—a new type of money, a commodity-backed currency that he believed was the long-term solution to America's monetary woes. “I want to cast the variable out of money. This gold money is not good enough. It's a fiction†he boldly proclaimed (New York Times 1922).

Date: 2006
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Handle: RePEc:cup:jhisec:v:28:y:2006:i:03:p:295-308_00