Falling Prices And the Remedy

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Falling Prices And the Remedy
Lyman Fairbanks George
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man of five hundred years ago. He has different environments ; he is doing business in a made-over world ; and to-day he asks, not, What was the money of the ancients ? or. What is the money of other nations to-day ? but. What is the best ma- terial for service, for convenience in handling, and the least expensive ? Therefore, in discussing this question of money, I shall start from the most advanced thought regarding its usefulness in the special function of facilitating exchanges in com- merc
...e and trade as an instrument of association.
Civilization has attained that degree of advance- ment, through ages of growth, when man no longer depends upon keeping his valuables and money belted around his body, but trusts in society, law, and order to render him security in these possessions. The clear-headed man of to- day knows that when government can no longer protect him in this matter of money possession and money circulation, everything else he has in the world, for the protection of which he looks to his government, is surely lost.


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