Duncombes Free Banking Microform An Essay On Banking Currency Finance Exc
Duncombes Free Banking Microform An Essay On Banking Currency Finance Exc
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In our eReader you can find the full English version of the book. Read Duncombes Free Banking Microform An Essay On Banking Currency Finance Exc 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 Duncombes Free Banking Microform An Essay On Banking Currency Finance Exc
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To quickly assess the difficulty of the text, read a short excerpt:
Their currency a defective principle a relic of aristocracy. Discrepan- cy of the workings of the government machinery, remove this extend liber- ty and equality.
The public benefits of an United States bank and branch- es we have seen to be, the producing a current circulating medium (or nearly so) throughout the Union ; and conse- quently a present uniform measure of values, wherever this United States bank paper formed the whole currency. While we have also seen, that, although the present m...eas- ure of all values is thus made uniform throughout the Uni- 9* 194 DUNCOMBE'S FREE BANKING.
ted States, yet that the past and future measure of values, can by no means be relied on as established by any one or more chartered banks, owing to the constant fluctuations of their paper currency, and to their being controlled by pri- vate interest, by credit and by politics as every over-issue lessens its value, and every over-contraction increases it. The price of a days labor yesterday, maybe the price of two day's labor to-day, and the price of three day's labor to-morrow, owing to the uncertainty of bank paper.
What to read after Duncombes Free Banking Microform An Essay On Banking Currency Finance Exc?
You can find similar books in the "Read Also" column, or choose other free books by Charles Duncombe to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Their currency a defective principle a relic of aristocracy. Discrepan- cy of the workings of the government machinery, remove this extend liber- ty and equality.
The public benefits of an United States bank and branch- es we have seen to be, the producing a current circulating medium (or nearly so) throughout the Union ; and conse- quently a present uniform measure of values, wherever this United States bank paper formed the whole currency. While we have also seen, that, although the present m...eas- ure of all values is thus made uniform throughout the Uni- 9* 194 DUNCOMBE'S FREE BANKING.
ted States, yet that the past and future measure of values, can by no means be relied on as established by any one or more chartered banks, owing to the constant fluctuations of their paper currency, and to their being controlled by pri- vate interest, by credit and by politics as every over-issue lessens its value, and every over-contraction increases it. The price of a days labor yesterday, maybe the price of two day's labor to-day, and the price of three day's labor to-morrow, owing to the uncertainty of bank paper.
What to read after Duncombes Free Banking Microform An Essay On Banking Currency Finance Exc?
You can find similar books in the "Read Also" column, or choose other free books by Charles Duncombe to read onlineMoreLess
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