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When the US stopped backing its money with silver? | The Story of Money
美国何时停止用白银为货币背书?

The late 19th century's Free Silver movement and how monetary policy can reshape politics
19世纪末的自由白银运动,以及货币政策如何重塑政治。

Historically, bimetallism - that is currency backed by both gold and silver - had worked remarkably well in keeping prices stable because gold and silver actors acted as a buffer to the other. So when one metal was scarce the other could stabilise the system and keep credit flowing.

从历史上看,金银复本位制——即以黄金和白银共同支撑货币——在维持物价稳定方面成效显著,因为黄金和白银能彼此缓冲。一种金属稀缺时,另一种就能稳定体系,让信贷继续流动。

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