Monetary Commission Report
Monetary Commission Report
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In our eReader you can find the full English version of the book. Read Monetary Commission Report 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 Monetary Commission Report
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In Asia, as elsewhere, the demand for money, in the sense of desire for it, is unlimited and insatiable. Undoubtedly the effective demand of Asia is limited to its capacity to pay for silver, but this guarantee of the value of silver, which is its money, is nothing short of the entire mass of the disposable commodities of the Asiatic world. It is difficult to see how any amount of silver which Europe has left, whether thrown upon Asia "rapidly" or otherwise, can have anything beyond the most tr...ansient influence, The evidence on this branch of the subject all goes to establish the conclusions that 'the Asiatic demand alone will be sufficient, within a comparatively short period of time, to absorb the surplus stock of silver in Europe and overtake the current supply and place silver at its old relation of value to gold, and that, if the United States should remone- tize it, the practical resumption of specie payments could not be more than fairly begun before the old equivalency between the metals would be restored.
What to read after Monetary Commission Report?
You can find similar books in the "Read Also" column, or choose other free books by 1876 United States Monetary Commission to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In Asia, as elsewhere, the demand for money, in the sense of desire for it, is unlimited and insatiable. Undoubtedly the effective demand of Asia is limited to its capacity to pay for silver, but this guarantee of the value of silver, which is its money, is nothing short of the entire mass of the disposable commodities of the Asiatic world. It is difficult to see how any amount of silver which Europe has left, whether thrown upon Asia "rapidly" or otherwise, can have anything beyond the most tr...ansient influence, The evidence on this branch of the subject all goes to establish the conclusions that 'the Asiatic demand alone will be sufficient, within a comparatively short period of time, to absorb the surplus stock of silver in Europe and overtake the current supply and place silver at its old relation of value to gold, and that, if the United States should remone- tize it, the practical resumption of specie payments could not be more than fairly begun before the old equivalency between the metals would be restored.
What to read after Monetary Commission Report?
You can find similar books in the "Read Also" column, or choose other free books by 1876 United States Monetary Commission to read onlineMoreLess
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