Scientific Money Or Prosperity Through Legislation
Scientific Money Or Prosperity Through Legislation
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In our eReader you can find the full English version of the book. Read Scientific Money Or Prosperity Through Legislation 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 Scientific Money Or Prosperity Through Legislation
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13 is done with checks and drafts, and $4, 87 in cash- When we understand that only one man in about 1260 has a bank accoun t, we can realize the power of money in the struggle for life. Besides this, these checks and drafts are the most expensive currency possible, and at the same time the most dangerous, as it can be expanded or contracted to suit the plan or whim of its owners.
I That private banks of issue are a great convenience to a people who are dependent upon the precious metals for a ...legal-tender currency must be conceded; but it is indis- putable that the one immediate cause of industrial depres- sion, of the impoverishment of the many, and of the in- equitable distribution of wealth, is the failure of govern- ments to provide national currency in adequate volume. The failure of Congress to provide a circulating medium in quanity equal to the needs of trade at a nominal cost, — as it now provides a fraction of thai which is required — enables those who shrewdly dictate financial legislation to supply the deficiency and to exact for its use that which is called— Interest.
What to read after Scientific Money Or Prosperity Through Legislation?
You can find similar books in the "Read Also" column, or choose other free books by James D Holden to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
13 is done with checks and drafts, and $4, 87 in cash- When we understand that only one man in about 1260 has a bank accoun t, we can realize the power of money in the struggle for life. Besides this, these checks and drafts are the most expensive currency possible, and at the same time the most dangerous, as it can be expanded or contracted to suit the plan or whim of its owners.
I That private banks of issue are a great convenience to a people who are dependent upon the precious metals for a ...legal-tender currency must be conceded; but it is indis- putable that the one immediate cause of industrial depres- sion, of the impoverishment of the many, and of the in- equitable distribution of wealth, is the failure of govern- ments to provide national currency in adequate volume. The failure of Congress to provide a circulating medium in quanity equal to the needs of trade at a nominal cost, — as it now provides a fraction of thai which is required — enables those who shrewdly dictate financial legislation to supply the deficiency and to exact for its use that which is called— Interest.
What to read after Scientific Money Or Prosperity Through Legislation?
You can find similar books in the "Read Also" column, or choose other free books by James D Holden to read onlineMoreLess
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