1. It should come as no surprise that I rely heavily on George Reisman, Capitalism: A Treatise on Economics (Ottawa, IL: Jameson Books, 1996) for my discussion of the benefits of gold and responses to criticisms of gold. See pp. 928–950 and 954–959.
2. I also rely on Brian P. Simpson, Trade Cycle Theory: A Market Process Perspective (Ann Arbor, MI: Bell & Howell Information and Learning Company, 2000), pp. 114–125 for the benefits and responses to criticisms of gold and 100-percent reserves. I make one general reference here to these sources on these topics instead of multiple specific references throughout the chapter. However, I do reference these sources where necessary on related topics.
3. See Michael David Bordo, “The Gold Standard: Myths and Realities” in Barry N. Siegel, ed., Money in Crisis: The Federal Reserve, the Economy, and Monetary Reform (Cambridge, MA: Ballinger Publishing Company, 1984), pp. 197–237. See p. 215.
4. See Chapters 1 and 3 of Brian P. Simpson, Money, Banking, and the Business Cycle, Volume 1: Integrating Theory and Practice (New York: Palgrave Macmillan, 2014) for a detailed discussion of how fractional-reserve banking causes the business cycle.
5. See Roy W. Jastram, The Golden Constant (New York: John Wiley & Sons, 1977), pp. 34–37 and 147–148 and Bordo, “The Gold Standard,” pp. 211–214.