The Money of the People
The Money of the People
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In our eReader you can find the full English version of the book. Read The Money of the People 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 The Money of the People
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To quickly assess the difficulty of the text, read a short excerpt:
THE PEOPLE'S MONEY. 69 NEED TO COIN SILVER.
By FRANKLIN H. HEAD.
I fully believe in the entire practicability of restoring, in monetary affairs, the condition which existed prior to 1873, when all the nations of the world opened their mints to the free coinage of both gold and silver upon a certain agreed ratio. This condition had existed from the dawn of even the crudest civilization to the manifest advantage of the business interests of the world. Prior to 1873 no one had ever thought of maki...ng an obligation specifically payable in either gold or silver, since, as the coinage of each was free, no one cared whether payment was made in one metal or the other.
In the consideration of the present condition of the currency question certain fundamental points may be regarded as fundamental and ele- mentary : 1. Any stable currency must be either metallic or redeemable in metallic money. What is known as paper money is convenient and invaluable in the transaction of business, but would suffer instant depreciation were it not redeemable in coin.
What to read after The Money of the People?
You can find similar books in the "Read Also" column, or choose other free books by W H William Hope Harvey to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
THE PEOPLE'S MONEY. 69 NEED TO COIN SILVER.
By FRANKLIN H. HEAD.
I fully believe in the entire practicability of restoring, in monetary affairs, the condition which existed prior to 1873, when all the nations of the world opened their mints to the free coinage of both gold and silver upon a certain agreed ratio. This condition had existed from the dawn of even the crudest civilization to the manifest advantage of the business interests of the world. Prior to 1873 no one had ever thought of maki...ng an obligation specifically payable in either gold or silver, since, as the coinage of each was free, no one cared whether payment was made in one metal or the other.
In the consideration of the present condition of the currency question certain fundamental points may be regarded as fundamental and ele- mentary : 1. Any stable currency must be either metallic or redeemable in metallic money. What is known as paper money is convenient and invaluable in the transaction of business, but would suffer instant depreciation were it not redeemable in coin.
What to read after The Money of the People?
You can find similar books in the "Read Also" column, or choose other free books by W H William Hope Harvey to read onlineMoreLess
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