Facts About Money
Facts About Money
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In our eReader you can find the full English version of the book. Read Facts About 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 Facts About Money
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If, then, gold were unchanged in its gen- eral value in the world, but more gold pieces came into our country, so that we had twice as many as before, it would not at all follow that prices would rise. The rela- tive values of gold and goods remaining the same, prices would remain unchanged.
An increase in the number of gold pieces does not make exchanges any easier, when they are already going on smoothly. It is no different from making the tool of exchange a more expensive one. To decorate a ...loco- motive freely with brass or silver would not add to its carrying power as an engine to pull cars. It may be princely, but it is not useful. To have more money around, when the exchanges are always easily done al- most without any actual money at all (by checks, bills and clearing-houses), is of no more good than to inlay the locomotive with mother-of-pearl. How little money Digitized by VjOOQ IC MONEY AND PRICES. 115 is really needed, when the standard is left untampered with, is quite remarkable, as has been previously ex- plained.
What to read after Facts About Money?
You can find similar books in the "Read Also" column, or choose other free books by Laughlin, J[ames] Laurence, 1850- [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If, then, gold were unchanged in its gen- eral value in the world, but more gold pieces came into our country, so that we had twice as many as before, it would not at all follow that prices would rise. The rela- tive values of gold and goods remaining the same, prices would remain unchanged.
An increase in the number of gold pieces does not make exchanges any easier, when they are already going on smoothly. It is no different from making the tool of exchange a more expensive one. To decorate a ...loco- motive freely with brass or silver would not add to its carrying power as an engine to pull cars. It may be princely, but it is not useful. To have more money around, when the exchanges are always easily done al- most without any actual money at all (by checks, bills and clearing-houses), is of no more good than to inlay the locomotive with mother-of-pearl. How little money Digitized by VjOOQ IC MONEY AND PRICES. 115 is really needed, when the standard is left untampered with, is quite remarkable, as has been previously ex- plained.
What to read after Facts About Money?
You can find similar books in the "Read Also" column, or choose other free books by Laughlin, J[ames] Laurence, 1850- [from Old Catalog] to read onlineMoreLess
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