An Examination of the Bank Charter Question : With An Inquiry Into the Nature of a Just Standard of Value, And Suggestions for the Improvement of Our Monetary System 32
The book An Examination of the Bank Charter Question : With An Inquiry Into the Nature of a Just Standard of Value, And Suggestions for the Improvement of Our Monetary System 32 was written by author George Poulett Scrope Here you can read free online of An Examination of the Bank Charter Question : With An Inquiry Into the Nature of a Just Standard of Value, And Suggestions for the Improvement of Our Monetary System 32 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is An Examination of the Bank Charter Question : With An Inquiry Into the Nature of a Just Standard of Value, And Suggestions for the Improvement of Our Monetary System 32 a good or bad book?
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Must ledgers and running accounts be abolished ; and men forbidden under a penalty, to take the word, note, or bond, one of another ? In short, is society to be forced to return to the primitive method of exchange — barter? All this we ought to do, if it is wrong to allow the employment of credit as a medium of exchange. Some, however, draw a very nice distinction, and profess only to object to credit when employed as a circulating medium of exchange. But besides that it is not very evident why... A should be allowed to buy goods with his own credit, and not allowed to buy with the credit of B, if it is better known in the market and B chooses to lend it him, it is in truth not easy to say what is, or what is not, a circulating medium. The title-deeds of an estate, if transferred through two or three hands as a security for ad- vances, may be said to circulate in a limited degree as a medium of exchange. Government stock, India, and Foreign bonds, with many other tranferrable securities, are employed more or less to circulate values.
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