A Fraudulent Standard An Exposure of the Fraudulent Character of Our Monetary S
A Fraudulent Standard An Exposure of the Fraudulent Character of Our Monetary S
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In our eReader you can find the full English version of the book. Read A Fraudulent Standard An Exposure of the Fraudulent Character of Our Monetary S Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Fraudulent Standard An Exposure of the Fraudulent Character of Our Monetary S
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Although the term inflation is usually confined to paper money issues, a currency may become inflated by the presence of too much gold.
A recent pamphlet written by Professor Irving Fisher, of Yale University, speaks of the present flood of gold in America as " Our yellow peril. " If money were reduced to its natural position, viz. , the representative of existing wealth merely, and its issue confined entirely to suchrepresentation, general inflation would be impossible.
Supposing the Bank Char...ter Act to be repealed 148 MONEY SUPPLY AND INFLATION and the banks authorized to issue as much credit as the public's commercial and industrial needs demand, not exceeding, say, 50 per cent, of the appraised value of such productive wealth as might be offered in security. Such credit being merely the representative of wealth, would certainly not be a commodity any more than a mortgage- deed or a pawn-ticket is, although backed by commodities of every description.
Would not the use of such credit for purchasing goods constitute merely a form of barter ?
What to read after A Fraudulent Standard An Exposure of the Fraudulent Character of Our Monetary S?
You can find similar books in the "Read Also" column, or choose other free books by Kitson Arthur to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Although the term inflation is usually confined to paper money issues, a currency may become inflated by the presence of too much gold.
A recent pamphlet written by Professor Irving Fisher, of Yale University, speaks of the present flood of gold in America as " Our yellow peril. " If money were reduced to its natural position, viz. , the representative of existing wealth merely, and its issue confined entirely to suchrepresentation, general inflation would be impossible.
Supposing the Bank Char...ter Act to be repealed 148 MONEY SUPPLY AND INFLATION and the banks authorized to issue as much credit as the public's commercial and industrial needs demand, not exceeding, say, 50 per cent, of the appraised value of such productive wealth as might be offered in security. Such credit being merely the representative of wealth, would certainly not be a commodity any more than a mortgage- deed or a pawn-ticket is, although backed by commodities of every description.
Would not the use of such credit for purchasing goods constitute merely a form of barter ?
What to read after A Fraudulent Standard An Exposure of the Fraudulent Character of Our Monetary S?
You can find similar books in the "Read Also" column, or choose other free books by Kitson Arthur to read onlineMoreLess
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