The American Tradition of Ordered Liberty

by Alexander William Salter
The American Institute for Economic Research

What is the relationship between money and liberty? In answering this question, I do not want to limit myself to abstractions. Instead, I want to explore how monetary institutions are related to political freedom in a specific time and place. While there are undoubtedly timeless principles about money, freedom, and the relationship between them, I want to put these principles to work, which requires applying them in a specific context.

As an American citizen, I am primarily concerned with American money and American liberty. To get the most out of the ensuing discussion, I first have to elaborate on the nature of the American political experiment.

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