Money And Credit
Money And Credit
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In our eReader you can find the full English version of the book. Read Money And Credit 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 Money And Credit
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While directly stimulating pro- duction, the peculiar oflBce of money is, in the hands of the consumer, to make final connection and transfer the production to the consumer.
Money is the consumer's special instrument. It gave the consumer liberty, but not opportunity.
Until a stronger mechanism appeared, production was a household or group industry. Credit add- ed to money was needed to lift the individual into the place of the primitive producing group.
Medieval accumulations of wealth were mo...re oppressive than otherwise. All the profits of trade as conducted, were oppressive. Loans were made in actual money, and the rates of interest were exorbitant. Producers as distinguished from traders, could not afford to pay the rates of inter- est current among exchangers.
With the creation of economic credit, it be- came possible for individuals to obtain and profit by borrowed capital in all sorts of productive en- Credit Instruments, 143 lerprises, except in agriculture. It was not only as though the quantity of money was increased., but as though its quality was improved and its power intensified.
What to read after Money And Credit?
You can find similar books in the "Read Also" column, or choose other free books by Aldrich, Wilbur to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
While directly stimulating pro- duction, the peculiar oflBce of money is, in the hands of the consumer, to make final connection and transfer the production to the consumer.
Money is the consumer's special instrument. It gave the consumer liberty, but not opportunity.
Until a stronger mechanism appeared, production was a household or group industry. Credit add- ed to money was needed to lift the individual into the place of the primitive producing group.
Medieval accumulations of wealth were mo...re oppressive than otherwise. All the profits of trade as conducted, were oppressive. Loans were made in actual money, and the rates of interest were exorbitant. Producers as distinguished from traders, could not afford to pay the rates of inter- est current among exchangers.
With the creation of economic credit, it be- came possible for individuals to obtain and profit by borrowed capital in all sorts of productive en- Credit Instruments, 143 lerprises, except in agriculture. It was not only as though the quantity of money was increased., but as though its quality was improved and its power intensified.
What to read after Money And Credit?
You can find similar books in the "Read Also" column, or choose other free books by Aldrich, Wilbur to read onlineMoreLess
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