Sunday, July 09, 2006

Commodity versus asset backed money

At www.islamic-finance.com you can find a discussion* conducted using email between Tarek El Diwany and Muhammad Nejatullah Siddiqi. The former prefers commodity money (such as gold, silver) while the later mentions "the virtue of tying new money creation to real assets."

* A discussion with Professor Siddiqi, June 2006

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