Hearings 14
Hearings 14
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In our eReader you can find the full English version of the book. Read Hearings 14 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 Hearings 14
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McCoRD. There is one question about the country banks that I would like to answer.
The Chairman. You will ge given an opportunity a little later.
Mr. Waldo. Would not the result of this credit currency be to leave out, on the general average, some considerable portion of the credit currency which would in effect be an inflation, a permanent inflation ?
Mr. Forgan. I would hope that it would mean that a certain amount of it would stay out, and as a matter of fact a certain amount of it would sta...y out; but I do not see how it could be counted an inflation in any sense of the word, because you can only inflate a thing by having it in existence when it is not needed. Now, this kind of currency can not remain in existence for one hour if it is not needed; it will only remain in existence and circulation to the extent that it is wanted. Whenever some man does not want to carry it around in his pocket, or some woman does not want to stick it in her stocking, or some other fellow does not want to lock it up in his safe- deposit box, it will come in the next morning through the clearing house and be redeemed.
What to read after Hearings 14?
You can find similar books in the "Read Also" column, or choose other free books by 1907 1908 House From Old Catalog United States 60th Congress 1st Session to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
McCoRD. There is one question about the country banks that I would like to answer.
The Chairman. You will ge given an opportunity a little later.
Mr. Waldo. Would not the result of this credit currency be to leave out, on the general average, some considerable portion of the credit currency which would in effect be an inflation, a permanent inflation ?
Mr. Forgan. I would hope that it would mean that a certain amount of it would stay out, and as a matter of fact a certain amount of it would sta...y out; but I do not see how it could be counted an inflation in any sense of the word, because you can only inflate a thing by having it in existence when it is not needed. Now, this kind of currency can not remain in existence for one hour if it is not needed; it will only remain in existence and circulation to the extent that it is wanted. Whenever some man does not want to carry it around in his pocket, or some woman does not want to stick it in her stocking, or some other fellow does not want to lock it up in his safe- deposit box, it will come in the next morning through the clearing house and be redeemed.
What to read after Hearings 14?
You can find similar books in the "Read Also" column, or choose other free books by 1907 1908 House From Old Catalog United States 60th Congress 1st Session to read onlineMoreLess
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