Essays And Addresses On Economic Questions (1865-1893)
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It will be brought about by the actual conveyance of the surplus supplies of America and Germany to Indian ports, not by the quotation of prices current in another quarter of the globe, nor simply by the alterations in the rates of exchange. A deluge of silver must be actually felt — a deluge caused by the overflow from the European reservoirs. We know also that when that overflow takes place, the European markets, relieved from pressure, may exhibit a reaction ; and that the very operations wh...ich will raise present prices in India, and perhaps bring about some depreciation of silver throughout the continent of Asia, may tend, on the other hand, to raise to a certain extent the value of silver elsewhere. We know the nature of the causes which will assuredly come into play, but not the time within which they will be developed or the degree to THE DEPKECIATION OF SILVEK 143 which they wist! be felt. But till we know more we are surely forbidden both by equity and prudence to interfere with private or public contracts, or to base action on a rise in prices, of which we can foresee neither the date nor the extent.
What to read after Essays And Addresses On Economic Questions (1865-1893)?
You can find similar books in the "Read Also" column, or choose other free books by Goschen, George Joachim Goschen, Viscount, 1831-1907 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It will be brought about by the actual conveyance of the surplus supplies of America and Germany to Indian ports, not by the quotation of prices current in another quarter of the globe, nor simply by the alterations in the rates of exchange. A deluge of silver must be actually felt — a deluge caused by the overflow from the European reservoirs. We know also that when that overflow takes place, the European markets, relieved from pressure, may exhibit a reaction ; and that the very operations wh...ich will raise present prices in India, and perhaps bring about some depreciation of silver throughout the continent of Asia, may tend, on the other hand, to raise to a certain extent the value of silver elsewhere. We know the nature of the causes which will assuredly come into play, but not the time within which they will be developed or the degree to THE DEPKECIATION OF SILVEK 143 which they wist! be felt. But till we know more we are surely forbidden both by equity and prudence to interfere with private or public contracts, or to base action on a rise in prices, of which we can foresee neither the date nor the extent.
What to read after Essays And Addresses On Economic Questions (1865-1893)?
You can find similar books in the "Read Also" column, or choose other free books by Goschen, George Joachim Goschen, Viscount, 1831-1907 to read onlineMoreLess
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