Money Principles Formulated Presented As Subject of Discussion Before the Paci
Money Principles Formulated Presented As Subject of Discussion Before the Paci
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In our eReader you can find the full English version of the book. Read Money Principles Formulated Presented As Subject of Discussion Before the Paci 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 Principles Formulated Presented As Subject of Discussion Before the Paci
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Ml oi' conti-acted be made of ))aper or of the precious metals.
14. To reduce the volume of money one-half, is to iX'duce the })rices of all sorts of property one-half; so that the money I'emaiiung will purcdiase asmu(di prop- ei'ty as the whoh' would ha\'e purchased before. This multiplies the purchasing power of the remaining money by two. Or divides the price of the property' hy two, while it leaves the debtor (bound by a mort- gage executed before the contraction, for instance) liable to pa...y the same number of dollars that he owed before. His property will bring but one-half as many dollars as when mortgaged; besides, the stagnation of business attending such contraction makes it much more difficult to find o purchaser of the mortgaged premises at the reduced price, than it would have been before the contraction at the then full i)rice.
15. Money of various sorts, as usually made of gold, silver, and paper, cannot co-exist in harmony under one government; for the dealers in each metal used as money are against the dealers in the other sort; there is an irrepressible conflict between the two metals, and a direful conspiracy of the two against the paper money, and the government also.
What to read after Money Principles Formulated Presented As Subject of Discussion Before the Paci?
You can find similar books in the "Read Also" column, or choose other free books by Samuel W Holladay to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Ml oi' conti-acted be made of ))aper or of the precious metals.
14. To reduce the volume of money one-half, is to iX'duce the })rices of all sorts of property one-half; so that the money I'emaiiung will purcdiase asmu(di prop- ei'ty as the whoh' would ha\'e purchased before. This multiplies the purchasing power of the remaining money by two. Or divides the price of the property' hy two, while it leaves the debtor (bound by a mort- gage executed before the contraction, for instance) liable to pa...y the same number of dollars that he owed before. His property will bring but one-half as many dollars as when mortgaged; besides, the stagnation of business attending such contraction makes it much more difficult to find o purchaser of the mortgaged premises at the reduced price, than it would have been before the contraction at the then full i)rice.
15. Money of various sorts, as usually made of gold, silver, and paper, cannot co-exist in harmony under one government; for the dealers in each metal used as money are against the dealers in the other sort; there is an irrepressible conflict between the two metals, and a direful conspiracy of the two against the paper money, and the government also.
What to read after Money Principles Formulated Presented As Subject of Discussion Before the Paci?
You can find similar books in the "Read Also" column, or choose other free books by Samuel W Holladay to read onlineMoreLess
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