The Peoples Money
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In our eReader you can find the full English version of the book. Read The Peoples Money 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 Peoples Money
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i_wo30303os ;W: J Sfe-io. O2'l>S:;32 tc SocJe^^cJtS 202 THE PEOPLE'S MONEY If, as appears from this table, no uniform pro- portion of currency to population exists as to countries, does any exist as to lesser communi- ties, say our States, counties, cities, and towns, or the cities or provinces of the European coun- tries referred to ? Do we find anywhere the coins o...r the total currency in any community distrib- uted among individuals equally or among house- holds, according to the number of their respective members ? The experience and the common-sense of every reader may be appealed to in derision of the notion that the number of people in a house, a town, a State, or the whole country, has anything to do with the total volume of the money held or required in each of these communities.
But if it were otherwise, if it could be shown, as it cannot be, that the industries of France, for example, are more prosperous than those of the United States because the French have more money per capita than we have, while those of Great Britain are less prosperous because there the per capita supply of currency is less than it is in the United States, it still would be necessary to the argument in favor of government issues here to prove that in France there is some power or authority superior to our government in financial sagacity which has provided such a supply of currency, an assumption fatal to the agitation for government action here, because neither in France nor in any other country having more currency per capita than we have, has any government at THE VOLUME OF MONEY 203 any time undertaken to regulate the supply of money ; while in every European country in which the per capita circulation exceeds that of the United States the present tendency is toward reduced supply through the suspension of silver coinage.
What to read after The Peoples Money?
You can find similar books in the "Read Also" column, or choose other free books by William Lee Trenholm to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
i_wo30303os ;W: J Sfe-io. O2'l>S:;32 tc SocJe^^cJtS 202 THE PEOPLE'S MONEY If, as appears from this table, no uniform pro- portion of currency to population exists as to countries, does any exist as to lesser communi- ties, say our States, counties, cities, and towns, or the cities or provinces of the European coun- tries referred to ? Do we find anywhere the coins o...r the total currency in any community distrib- uted among individuals equally or among house- holds, according to the number of their respective members ? The experience and the common-sense of every reader may be appealed to in derision of the notion that the number of people in a house, a town, a State, or the whole country, has anything to do with the total volume of the money held or required in each of these communities.
But if it were otherwise, if it could be shown, as it cannot be, that the industries of France, for example, are more prosperous than those of the United States because the French have more money per capita than we have, while those of Great Britain are less prosperous because there the per capita supply of currency is less than it is in the United States, it still would be necessary to the argument in favor of government issues here to prove that in France there is some power or authority superior to our government in financial sagacity which has provided such a supply of currency, an assumption fatal to the agitation for government action here, because neither in France nor in any other country having more currency per capita than we have, has any government at THE VOLUME OF MONEY 203 any time undertaken to regulate the supply of money ; while in every European country in which the per capita circulation exceeds that of the United States the present tendency is toward reduced supply through the suspension of silver coinage.
What to read after The Peoples Money?
You can find similar books in the "Read Also" column, or choose other free books by William Lee Trenholm to read onlineMoreLess
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