The Strangle Hold
The Strangle Hold
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In our eReader you can find the full English version of the book. Read The Strangle Hold 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 Strangle Hold
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The people would accept it at full value without fear, and panics and bank runs would be abolished. With one hundred per cent confidence in bank credit gold reserves and in fact no legal reserves would be necessary. The remedy involves, then, the substitution of a more logical security than the promise to pay gold as the value behind the medium of exchange in circulation. This security must be of such a value as will bring with it absolute, one hundred per cent confidence in the medium, so that... it will always be acceptable. People must never feel doubtful as to the likelihood of their getting value in return for it. These principles then, are the general points that are to guide us in fitting the remedy to the conditions re- quiring reform. For greater convenience in proceeding, we may divide the process of creating the medium of exchange, bank credit, into three steps or phases. The first phase is, whether the credit shall be created or not, whether the loan shall be advanced or not.
What to read after The Strangle Hold?
You can find similar books in the "Read Also" column, or choose other free books by H C Henry Colman Cutting to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The people would accept it at full value without fear, and panics and bank runs would be abolished. With one hundred per cent confidence in bank credit gold reserves and in fact no legal reserves would be necessary. The remedy involves, then, the substitution of a more logical security than the promise to pay gold as the value behind the medium of exchange in circulation. This security must be of such a value as will bring with it absolute, one hundred per cent confidence in the medium, so that... it will always be acceptable. People must never feel doubtful as to the likelihood of their getting value in return for it. These principles then, are the general points that are to guide us in fitting the remedy to the conditions re- quiring reform. For greater convenience in proceeding, we may divide the process of creating the medium of exchange, bank credit, into three steps or phases. The first phase is, whether the credit shall be created or not, whether the loan shall be advanced or not.
What to read after The Strangle Hold?
You can find similar books in the "Read Also" column, or choose other free books by H C Henry Colman Cutting to read onlineMoreLess
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