Bimetallism And the Royal Commission Appointed to Inquire Into the Recent Chang
Bimetallism And the Royal Commission Appointed to Inquire Into the Recent Chang
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To quickly assess the difficulty of the text, read a short excerpt:
'Flic word "cheap" often lias a flavor of disparagement a- to intrinsic excellence. All of that implication should he taken out of the word, when, as here, it refers purely tn what accrues to the thing by reason of its plenti- ful ness.
Let any one who fears some wide departure in the market relation of silver money to goods, reflect a moment upon the spontaneous character of the forces determinant of its quantity-relation to products gen- erally. The economic man seeks the occupation that is m...ost remunerative to himself. When, many cen- turies hence, if ever, the "Silver Sink" of the Orient is full, and when it is still so plenty here as that 412i ///x of it will buy only 20 Ibs. Of wheat or less, /. E. Wheat $o and upward, then will there be but little temptation for the boys to leave the farm for the mines. Automatic adjustment constitutes the economic harmonies which are at one with the divine order every where. It is at the bottom of the entire theory of a Commodity money. If under any pretext, that automatism is to be repudiated, then by all odds it were better to adopt an intelligently regulated tiat money system.
What to read after Bimetallism And the Royal Commission Appointed to Inquire Into the Recent Chang?
You can find similar books in the "Read Also" column, or choose other free books by E D Everett D Stark to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
'Flic word "cheap" often lias a flavor of disparagement a- to intrinsic excellence. All of that implication should he taken out of the word, when, as here, it refers purely tn what accrues to the thing by reason of its plenti- ful ness.
Let any one who fears some wide departure in the market relation of silver money to goods, reflect a moment upon the spontaneous character of the forces determinant of its quantity-relation to products gen- erally. The economic man seeks the occupation that is m...ost remunerative to himself. When, many cen- turies hence, if ever, the "Silver Sink" of the Orient is full, and when it is still so plenty here as that 412i ///x of it will buy only 20 Ibs. Of wheat or less, /. E. Wheat $o and upward, then will there be but little temptation for the boys to leave the farm for the mines. Automatic adjustment constitutes the economic harmonies which are at one with the divine order every where. It is at the bottom of the entire theory of a Commodity money. If under any pretext, that automatism is to be repudiated, then by all odds it were better to adopt an intelligently regulated tiat money system.
What to read after Bimetallism And the Royal Commission Appointed to Inquire Into the Recent Chang?
You can find similar books in the "Read Also" column, or choose other free books by E D Everett D Stark to read onlineMoreLess
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