Fiat Money in France How It Came What It Brought And How It Ended
Fiat Money in France How It Came What It Brought And How It Ended
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To quickly assess the difficulty of the text, read a short excerpt:
* As well might a physician prescribe a pimple wash for a diseased liver.
Now began to be seen more plainly some of the many ways in which an inflation policy robs the working classes. As these knots of plotting schem- ers at the city centers were becoming bloated with sudden wealth, the producing classes of the country, though having in their possession more and more currency, grew lean. In the schemes and specula- tions put forth by stockjobbers, and stimulated by the printing of more currenc...y, multitudes of small fortunes throughout the country were absorbed, and, while these many small fortunes were lost, a few swollen fortunes were rapidly aggregated in the city centers. This crippled a large class in the country districts, which had employed a great num- * See Extrait du Registre des Deliberations de la Section de la Bibliotheque, May 3, 1791, pp. 4, 5.
FIAT MONEY IN FRANCE. 41 her of workmen ; and created a small class, in the cities, which employed a great number of lackeys.
In the cities now arose a luxury and license which is a greater evil even than the plundering which ministers to it.
What to read after Fiat Money in France How It Came What It Brought And How It Ended?
You can find similar books in the "Read Also" column, or choose other free books by White Andrew Dickson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
* As well might a physician prescribe a pimple wash for a diseased liver.
Now began to be seen more plainly some of the many ways in which an inflation policy robs the working classes. As these knots of plotting schem- ers at the city centers were becoming bloated with sudden wealth, the producing classes of the country, though having in their possession more and more currency, grew lean. In the schemes and specula- tions put forth by stockjobbers, and stimulated by the printing of more currenc...y, multitudes of small fortunes throughout the country were absorbed, and, while these many small fortunes were lost, a few swollen fortunes were rapidly aggregated in the city centers. This crippled a large class in the country districts, which had employed a great num- * See Extrait du Registre des Deliberations de la Section de la Bibliotheque, May 3, 1791, pp. 4, 5.
FIAT MONEY IN FRANCE. 41 her of workmen ; and created a small class, in the cities, which employed a great number of lackeys.
In the cities now arose a luxury and license which is a greater evil even than the plundering which ministers to it.
What to read after Fiat Money in France How It Came What It Brought And How It Ended?
You can find similar books in the "Read Also" column, or choose other free books by White Andrew Dickson to read onlineMoreLess
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