Common Sense On Money
Common Sense On Money
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In our eReader you can find the full English version of the book. Read Common Sense On Money 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 Common Sense On Money
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Money may be established in two ways: By common consent and usage among the people, or by law enacted by or through the sovereign power in a State or nation. Whatever is used as a stan- dard measure of commercial value, and a medium of exchange, is money in essence whether it be so in name or not. So it is not the material of which it is composed but the functions which it possesses that makes it money, and since it is the law merchant or law statute that confers upon it these functions, we say... law makes the money. It is from this fact that many have concluded that statute law also gives money all its value. I be- lieve I shall be able to show that this is a mistaken theory. I think I have shown you that there is an inexorable law which governs commercial values the law of supply and demand and that money is subject to that law. I will give you the key to that law : it is personal interest. Personal interest is the motive power of commerce. Take from it this element, and you rob it of its very life.
What to read after Common Sense On Money?
You can find similar books in the "Read Also" column, or choose other free books by A H Alvin Harrington Low to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Money may be established in two ways: By common consent and usage among the people, or by law enacted by or through the sovereign power in a State or nation. Whatever is used as a stan- dard measure of commercial value, and a medium of exchange, is money in essence whether it be so in name or not. So it is not the material of which it is composed but the functions which it possesses that makes it money, and since it is the law merchant or law statute that confers upon it these functions, we say... law makes the money. It is from this fact that many have concluded that statute law also gives money all its value. I be- lieve I shall be able to show that this is a mistaken theory. I think I have shown you that there is an inexorable law which governs commercial values the law of supply and demand and that money is subject to that law. I will give you the key to that law : it is personal interest. Personal interest is the motive power of commerce. Take from it this element, and you rob it of its very life.
What to read after Common Sense On Money?
You can find similar books in the "Read Also" column, or choose other free books by A H Alvin Harrington Low to read onlineMoreLess
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