The Theory of Inflation a Critical Examination of a Ruinous Popular Fallacy
The Theory of Inflation a Critical Examination of a Ruinous Popular Fallacy
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The same writer, in his NoIch on JlrmHiif/, from a very careful analysis of the sales of stamps for l)ills payable for a series of years, estimates the average amount of l)ills in existence at any one time in 1870-71 as fol- low. S : — Inland or ilomostic bills . . , £210. 8r)0. N00 Foreign bills drawn on I'. Nuliuul . . ;{(), 700, (1(10 . C-2tl. F>50, 000 over $1, 200, 000, 000 If, then, we consider the extent to wliieh tlic eredit system is enrried in [)riviite transndions in Knicland, and es...peeiiilly the enorinons aeconnts rnn np by the nobility and riivate or other debts for which no bills are given 1, 200, 000, 000 S. >, 300, 00(), 000 $5, 300, 000, 000 of purchasing power — nine times the volume of the currency of the country — almost wholly the result of the use of credit.
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To quickly assess the difficulty of the text, read a short excerpt:
The same writer, in his NoIch on JlrmHiif/, from a very careful analysis of the sales of stamps for l)ills payable for a series of years, estimates the average amount of l)ills in existence at any one time in 1870-71 as fol- low. S : — Inland or ilomostic bills . . , £210. 8r)0. N00 Foreign bills drawn on I'. Nuliuul . . ;{(), 700, (1(10 . C-2tl. F>50, 000 over $1, 200, 000, 000 If, then, we consider the extent to wliieh tlic eredit system is enrried in [)riviite transndions in Knicland, and es...peeiiilly the enorinons aeconnts rnn np by the nobility and
What to read after The Theory of Inflation a Critical Examination of a Ruinous Popular Fallacy?
You can find similar books in the "Read Also" column, or choose other free books by Henry Carey Baird to read onlineMoreLess
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