Credit

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Note, is an obligation to pay money, many uninformed intelligence of business-men, character of the community, writers suppose that they must always be paid in money or and the conditions of trade. If there is no fright or panic.
Bank Notes ; " and he goes on to show that credit bears no little will be needed. The demand for actual money in a fixed relation to the money in a country. To repeat, the crisis is a special case for later discussion, real end and purpose of production and exchange is
... not to 22 This was perceived as long ago as Arthur Young: get the common denominator, but to secure those goods " j admit that, to an unknown degree, an increase of which give us economic satisfaction. Hence only that wealth, increasing the demand for certain manufactures, amount of the standard is kept on hand (that is, only that ^m increase the quantity brought to market, and prices part of a country's wealth is invested in the machinery of gt^nd as they were. For instance, send a gradual increase exchange and money ) which will meet the special demand ^f orders to the manufacturers of Manchester, Norwich, for the actual standard from time to time.

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