Useful Knowledge for the Producers of Wealth, Being An Enquiry Into the Nature of Trade, the Currency, the Protective And Internal Improvement Systems, And Into the Origin And Effects of Banking And Paper Money
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In our eReader you can find the full English version of the book. Read Useful Knowledge for the Producers of Wealth, Being An Enquiry Into the Nature of Trade, the Currency, the Protective And Internal Improvement Systems, And Into the Origin And Effects of Banking And Paper 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 Useful Knowledge for the Producers of Wealth, Being An Enquiry Into the Nature of Trade, the Currency, the Protective And Internal Improvement Systems, And Into the Origin And Effects of Banking And Paper Money
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To quickly assess the difficulty of the text, read a short excerpt:
In this case the master of course is interested and biased in his judgment ; he feels that, altliougii he is receiv- ing more for his jnoduce, there is some cause silently at work which will not permit him to retain all the advance he gets ; and this primitive cause it is that as surely follov.s the increase of the currency as its natural and absolutely neces- sary effect, as Mr. Cobbett's cause is the effect of this cause, or that the sun's rising is one effect of the earth's revolution.
It is... true the masters retain more in their hands than ought to satisfy this cause ; but, as they do not know the cause, or the extent of the demand it may make upon them, it is na- tural for them to make themselves as safe and secure as possible from a certain attack, the nature of which to them is unknown and incomprehensible.
All paper money in circulation is drawing an interest, or revenue out of the labor of the producers of wealth ; conse- quently, if, as is the case in this country, the paper currency costs them fifty millions of dollars a year, and, if the cur- rency should be increased to double its present quantity, it is certain that a hundred millions of dollars would be drawn out of the produce of those who do all the labor.
What to read after Useful Knowledge for the Producers of Wealth, Being An Enquiry Into the Nature of Trade, the Currency, the Protective And Internal Improvement Systems, And Into the Origin And Effects of Banking And Paper Money?
You can find similar books in the "Read Also" column, or choose other free books by William Hale Hale to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In this case the master of course is interested and biased in his judgment ; he feels that, altliougii he is receiv- ing more for his jnoduce, there is some cause silently at work which will not permit him to retain all the advance he gets ; and this primitive cause it is that as surely follov.s the increase of the currency as its natural and absolutely neces- sary effect, as Mr. Cobbett's cause is the effect of this cause, or that the sun's rising is one effect of the earth's revolution.
It is... true the masters retain more in their hands than ought to satisfy this cause ; but, as they do not know the cause, or the extent of the demand it may make upon them, it is na- tural for them to make themselves as safe and secure as possible from a certain attack, the nature of which to them is unknown and incomprehensible.
All paper money in circulation is drawing an interest, or revenue out of the labor of the producers of wealth ; conse- quently, if, as is the case in this country, the paper currency costs them fifty millions of dollars a year, and, if the cur- rency should be increased to double its present quantity, it is certain that a hundred millions of dollars would be drawn out of the produce of those who do all the labor.
What to read after Useful Knowledge for the Producers of Wealth, Being An Enquiry Into the Nature of Trade, the Currency, the Protective And Internal Improvement Systems, And Into the Origin And Effects of Banking And Paper Money?
You can find similar books in the "Read Also" column, or choose other free books by William Hale Hale to read onlineMoreLess
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