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The excerpt represents the core issue or deciding factor on which you must meditate, and is drawn from The Last War: A World Set Free by H. G. Wells: fixed a certain number of units of energy as the value of a gold
sovereign, declared a sovereign to be worth exactly twenty marks,
twenty-five francs, five dollars, and so forth, with the other
current units of the world, and undertook, under various
qualifications and conditions, to deliver energy upon demand as
payment for every sovereign presented. On the whole, this worked
satisfactorily. They saved the face of the pound sterling. Coin
was rehabilitated, and after a phase of price fluctuations, began
to settle down to definite equivalents and uses again, with names
and everyday values familiar to the common run of people....
Section 8
The Last War: A World Set Free |
