Hard Money (policy)
Hard money policies (as opposed to fiat currency policies) support a specie standard, usually gold or silver, typically implemented with representative money.
In 1836, when President Andrew Jackson's veto of the recharter of the Second Bank of the United States took effect, he issued the Specie Circular, an Executive order that all public lands had to be purchased with hard money.
Read more about Hard Money (policy): Dual Definition
Famous quotes containing the words hard and/or money:
“It is hard for thee to kick against the pricks.”
—Bible: New Testament Jesus, in Acts, 9:5.
The words of Christ to Saul (St. Paul)
“Too many desires harm the mind; to desire much money harms the body.”
—Chinese proverb.