Richard B. Smith, Ph.D., Associate Professor of Economics, College of Business
University of South Florida St. Petersburg
A currency, as the word implies, should flow through an economy with optimum fluidity and be maintained in a quantity that facilitates trade and commerce between individuals supplying the labor used to fuel the corresponding economy. By examining the attributes of a currency, by definition and in practice throughout history, I will construct a model for an ideal currency for the U.S. This vision will raise awareness about how a currency should truly function in a democratic republic, while taking into consideration the inherent limitations of the labor supply and our natural resources. It will serve as a template for a new national currency based on the same attributes and goals. In telling the story of how the use of currencies originated and developed into the debt based monetary systems of today, I hope to cut through mind-numbing economic jargon and make this story interesting and understandable to anyone who uses money (so pretty much everyone), especially those who are normally automatically repulsed by any mention of economic thought and theory.
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Gannon, Valerie M., "An Ideal American Currency: We Can Eliminate Our National Debt" (2014). USF St. Petersburg campus Honors Program Theses (Undergraduate).