An Examination of the Bank Charter Question : With An Inquiry Into the Nature of a Just Standard of Value, And Suggestions for the Improvement of Our Monetary System 32
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In our eReader you can find the full English version of the book. Read An Examination of the Bank Charter Question : With An Inquiry Into the Nature of a Just Standard of Value, And Suggestions for the Improvement of Our Monetary System 32 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 An Examination of the Bank Charter Question : With An Inquiry Into the Nature of a Just Standard of Value, And Suggestions for the Improvement of Our Monetary System 32
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To quickly assess the difficulty of the text, read a short excerpt:
Must ledgers and running accounts be abolished ; and men forbidden under a penalty, to take the word, note, or bond, one of another ? In short, is society to be forced to return to the primitive method of exchange — barter? All this we ought to do, if it is wrong to allow the employment of credit as a medium of exchange.
Some, however, draw a very nice distinction, and profess only to object to credit when employed as a circulating medium of exchange. But besides that it is not very evident why... A should be allowed to buy goods with his own credit, and not allowed to buy with the credit of B, if it is better known in the market and B chooses to lend it him, it is in truth not easy to say what is, or what is not, a circulating medium. The title-deeds of an estate, if transferred through two or three hands as a security for ad- vances, may be said to circulate in a limited degree as a medium of exchange. Government stock, India, and Foreign bonds, with many other tranferrable securities, are employed more or less to circulate values.
What to read after An Examination of the Bank Charter Question : With An Inquiry Into the Nature of a Just Standard of Value, And Suggestions for the Improvement of Our Monetary System 32?
You can find similar books in the "Read Also" column, or choose other free books by George Poulett Scrope to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Must ledgers and running accounts be abolished ; and men forbidden under a penalty, to take the word, note, or bond, one of another ? In short, is society to be forced to return to the primitive method of exchange — barter? All this we ought to do, if it is wrong to allow the employment of credit as a medium of exchange.
Some, however, draw a very nice distinction, and profess only to object to credit when employed as a circulating medium of exchange. But besides that it is not very evident why... A should be allowed to buy goods with his own credit, and not allowed to buy with the credit of B, if it is better known in the market and B chooses to lend it him, it is in truth not easy to say what is, or what is not, a circulating medium. The title-deeds of an estate, if transferred through two or three hands as a security for ad- vances, may be said to circulate in a limited degree as a medium of exchange. Government stock, India, and Foreign bonds, with many other tranferrable securities, are employed more or less to circulate values.
What to read after An Examination of the Bank Charter Question : With An Inquiry Into the Nature of a Just Standard of Value, And Suggestions for the Improvement of Our Monetary System 32?
You can find similar books in the "Read Also" column, or choose other free books by George Poulett Scrope to read onlineMoreLess
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