Progress Plenty Advocates the Single Tax a Scientific Currency And a Minimu
Progress Plenty Advocates the Single Tax a Scientific Currency And a Minimu
James S Paton
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Several people, like those who passed the National Board of Trade resolutions, have seen that a system of currency was desirable that would expand and contract automatically with the requirements of commerce, but I have never heard of a plan being presented that would do it. Rent and interest being so much alike the thought occurred to me that the land question and the money question might be settled in much the same way. If taking rent for pub- lic purposes would settle the land question a sci...entific solution of the money problem might be obtained by controlling the rate of interest. CHAPTER VII. AN AUTOMATIC CURRENCY. The resolutions passed by the National Board of Trade call for a currency system that will be absolutely fair to all interests and to all localities, give at all times an adequate supply of properly safeguarded currency, the volume of which must automatically expand and contract with the normal demands of the manufacturing, commercial, and other legiti- mate interests of the country.
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