Honest Money
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In our eReader you can find the full English version of the book. Read Honest 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 Honest Money
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79 issued therefor to the amount of the deposits, such certificates, if in proper form and de- nominations, would answer all the require- ments of a circulating medium even better than the gold, and their value would be exactly the same as that of the gold they re- placed. By this method, — in a measure, the English system, — the country saves the wear and tear, besides considerable loss of gold, and is better served. The gold thus de- posited, except a comparatively small amount shipped abroad... at times, would never be called for : its sole purpose would be to regulate by its scarcity the amoi\nt of the paper money issued ; beyond this purpose, it might as well be iron or lead as gold, or might as well have remained in the mines, from which it was dug at the expense of so much labour, as to be in the vaults.
It would be difficult to conceive of a method of controlling money volume and value more expensive, more clumsy, and more inefficient than this ; for, it is to be noted, the control in 80 HONEST MONEY.
What to read after Honest Money?
You can find similar books in the "Read Also" column, or choose other free books by Arthur Isaac Fonda to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
79 issued therefor to the amount of the deposits, such certificates, if in proper form and de- nominations, would answer all the require- ments of a circulating medium even better than the gold, and their value would be exactly the same as that of the gold they re- placed. By this method, — in a measure, the English system, — the country saves the wear and tear, besides considerable loss of gold, and is better served. The gold thus de- posited, except a comparatively small amount shipped abroad... at times, would never be called for : its sole purpose would be to regulate by its scarcity the amoi\nt of the paper money issued ; beyond this purpose, it might as well be iron or lead as gold, or might as well have remained in the mines, from which it was dug at the expense of so much labour, as to be in the vaults.
It would be difficult to conceive of a method of controlling money volume and value more expensive, more clumsy, and more inefficient than this ; for, it is to be noted, the control in 80 HONEST MONEY.
What to read after Honest Money?
You can find similar books in the "Read Also" column, or choose other free books by Arthur Isaac Fonda to read onlineMoreLess
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