Instances of interest-bearing currency are relatively rare. The Southern Confederacy issued both interest and non …-bearing currency generally commanding the premium implied by legal restrictions theory. Government-imposed restrictions on banks … with the legal restrictions theory of money and suggests a potential role for interest-bearing currency as a circulating …

circulation and potential dominance of legal tender interest-bearing currency is consistent with legal restrictions theory … restrictions ; interest-bearing currency ; civil war …

circulation and potential dominance of legal tender interest-bearing currency is consistent with legal restrictions theory …

circulation and potential dominance of legal tender interest-bearing currency is consistent with legal restrictions theory …

circulation and potential dominance of legal tender interest-bearing currency is consistent with legal restrictions theory …