Abstract
IN NATURE of July 22 there was an interesting letter by Prof. H. E. Armstrong on this subject. It might be pointed out that standards of weight or length can be agreed upon because they will not vary with the changing of world conditions, but the quality of value or desirability to mankind cannot be standardised; yet it is this quality which a money standard attempts to fix. The value of one commodity in the terms of some other, such as gold, must always vary in relation to the supply.
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GALL, W. Monetary Standards. Nature 132, 278 (1933). https://doi.org/10.1038/132278a0
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DOI: https://doi.org/10.1038/132278a0
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