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<article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ali="http://www.niso.org/schemas/ali/1.0/" article-type="research-article" dtd-version="1.2" xml:lang="en"><front><journal-meta><journal-id journal-id-type="publisher-id">RUDN Journal of Sociology</journal-id><journal-title-group><journal-title xml:lang="en">RUDN Journal of Sociology</journal-title><trans-title-group xml:lang="ru"><trans-title>Вестник Российского университета дружбы народов. Серия: Социология</trans-title></trans-title-group></journal-title-group><issn publication-format="print">2313-2272</issn><issn publication-format="electronic">2408-8897</issn><publisher><publisher-name xml:lang="en">Peoples’ Friendship University of Russia named after Patrice Lumamba</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="publisher-id">6205</article-id><article-categories><subj-group subj-group-type="toc-heading" xml:lang="en"><subject>Articles</subject></subj-group><subj-group subj-group-type="toc-heading" xml:lang="ru"><subject>Статьи</subject></subj-group><subj-group subj-group-type="article-type"><subject>Research Article</subject></subj-group></article-categories><title-group><article-title xml:lang="en">The Modern Monetary System and Gold</article-title><trans-title-group xml:lang="ru"><trans-title>Современная монетарная система и золото</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author"><name-alternatives><name xml:lang="en"><surname>Rubtsov</surname><given-names>N N</given-names></name><name xml:lang="ru"><surname>Рубцов</surname><given-names>Николай Николаевич</given-names></name></name-alternatives><email>intertechnolodgyfund@gmail.com</email><xref ref-type="aff" rid="aff1"/></contrib></contrib-group><aff-alternatives id="aff1"><aff><institution xml:lang="en">“Inter Technology” Company</institution></aff><aff><institution xml:lang="ru">Компания «Интер Технолоджи»</institution></aff></aff-alternatives><pub-date date-type="pub" iso-8601-date="2013-03-15" publication-format="electronic"><day>15</day><month>03</month><year>2013</year></pub-date><issue>3</issue><issue-title xml:lang="en">NO3 (2013)</issue-title><issue-title xml:lang="ru">№3 (2013)</issue-title><fpage>89</fpage><lpage>102</lpage><history><date date-type="received" iso-8601-date="2016-09-07"><day>07</day><month>09</month><year>2016</year></date></history><permissions><copyright-statement xml:lang="en">Copyright ©; 2016, Sociology</copyright-statement><copyright-statement xml:lang="ru">Copyright ©; 2016, Социология</copyright-statement><copyright-year>2016</copyright-year><copyright-holder xml:lang="en">Sociology</copyright-holder><copyright-holder xml:lang="ru">Социология</copyright-holder><ali:free_to_read xmlns:ali="http://www.niso.org/schemas/ali/1.0/"/></permissions><self-uri xlink:href="https://journals.rudn.ru/sociology/article/view/6205">https://journals.rudn.ru/sociology/article/view/6205</self-uri><abstract xml:lang="en">The article considers the nature of modern money, analyzes the mechanism of its creation, showing that it is basically generated by credit and the principle of partial bank reserve. The article draws comparative parallels between trade money based on gold and contemporary, credit money; the author quotes leading bankers and finance experts on the need for partial return to the principles of functioning of the gold standard as the most effective institute of regulating the monetary system in society.</abstract><trans-abstract xml:lang="ru">В статье рассматривается природа современных денег, анализируется механизм их создания, показывается, что их порождающей основой является кредит и принцип частичного банковского резервирования. В статье проводятся сравнительные параллели между товарными деньгами, основанными на золоте, и современными, кредитными деньгами; приводятся высказывания ведущих банкиров и финансовых экспертов о необходимости частичного возвращения к принципам функционирования золотого стандарта как наиболее эффективного института регулирования монетарной системой общества.</trans-abstract><kwd-group xml:lang="en"><kwd>credit</kwd><kwd>the reserve rate</kwd><kwd>trade and credit money</kwd><kwd>gold and the gold standard</kwd><kwd>the mechanism of creating money from debt</kwd></kwd-group><kwd-group xml:lang="ru"><kwd>кредит</kwd><kwd>коэффициент резервирования</kwd><kwd>товарные и кредитные деньги</kwd><kwd>золото и золотой стандарт</kwd><kwd>механизм создания денег из долга</kwd></kwd-group></article-meta></front><body></body><back><ref-list><ref id="B1"><label>1.</label><mixed-citation>Маркс К. Капитал. Т. 1. 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