The Silver Question in Its Social Aspect An Enquiry Into the Existing Depressi
The Silver Question in Its Social Aspect An Enquiry Into the Existing Depressi
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In our eReader you can find the full English version of the book. Read The Silver Question in Its Social Aspect An Enquiry Into the Existing Depressi 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 Silver Question in Its Social Aspect An Enquiry Into the Existing Depressi
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To quickly assess the difficulty of the text, read a short excerpt:
" Now this objection sounds very plausible, but all the same it rests upon a fallacy, a fallacy so frequent that J. S. Mill actually quotes it as an illustration of the fallacies of confusion. 1 The confusion is that of the two meanings 1 System of Logic, ii. , 7.
In its Social Aspect. 37 of " money " : Currency and capital seeking investment. As to the question whether a low rate of interest must be accompanied by a low purchasing power of money, the same author answers it by saying 1 that " t...he rate of interest bears no necessary relation to the quantity or value of the money in circulation. " Another authority 2 expresses the same idea as follows : " The fall or rise of interest making neither more nor less land, money or any sort of commodity, alters not at all the value of money in reference to commodities" i. E. , its purchasing power. As for the influence of the increased purchasing power of money on interest, if it has any effect at all, it should be towards lower rates. A change from a greater to a less quantity of money makes the money in the hands of lenders more valuable, the tendency of the rate of interest will therefore be towards a fall.
What to read after The Silver Question in Its Social Aspect An Enquiry Into the Existing Depressi?
You can find similar books in the "Read Also" column, or choose other free books by Hermann Schmidt to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
" Now this objection sounds very plausible, but all the same it rests upon a fallacy, a fallacy so frequent that J. S. Mill actually quotes it as an illustration of the fallacies of confusion. 1 The confusion is that of the two meanings 1 System of Logic, ii. , 7.
In its Social Aspect. 37 of " money " : Currency and capital seeking investment. As to the question whether a low rate of interest must be accompanied by a low purchasing power of money, the same author answers it by saying 1 that " t...he rate of interest bears no necessary relation to the quantity or value of the money in circulation. " Another authority 2 expresses the same idea as follows : " The fall or rise of interest making neither more nor less land, money or any sort of commodity, alters not at all the value of money in reference to commodities" i. E. , its purchasing power. As for the influence of the increased purchasing power of money on interest, if it has any effect at all, it should be towards lower rates. A change from a greater to a less quantity of money makes the money in the hands of lenders more valuable, the tendency of the rate of interest will therefore be towards a fall.
What to read after The Silver Question in Its Social Aspect An Enquiry Into the Existing Depressi?
You can find similar books in the "Read Also" column, or choose other free books by Hermann Schmidt to read onlineMoreLess
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