Monetary Economics
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In our eReader you can find the full English version of the book. Read Monetary Economics 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 Economics
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The first kinoof credit is conscious, the second, for the most part, unconscious. No one, practically, when he takes a bank-note, recognises that, by taking it, he is lending money. In the first form again, we have very generally loans made by the wealthy to the less wealthy, primarily at any rate, for the conveni- ence of the latter; in the second form, more often, loans made by the relatively poor to the relatively rich, and 1 Book in. Chap. Xi. Sec. 2. 2 Ibid. , sec. 3. THE CREDIT SYSTEM 163... primarily for their own convenience. The connotation of the verb ' to lend ' is, indeed, so completely bound up with lending of the first description that we seldom apply it naturally to lending of the second sort. The latter sort of loans, when made to a bank, we call ' deposits, ' and it takes an effort of thought to realise thatkleposits are loanspt aU. It was evidently the first sort of credit that was generally before the mind of Knies, the second that was before the mind of M'Leod. The first is a simple and straightforward matter which presents no puzzles or contradictions.
What to read after Monetary Economics?
You can find similar books in the "Read Also" column, or choose other free books by William Warrand Carlile to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The first kinoof credit is conscious, the second, for the most part, unconscious. No one, practically, when he takes a bank-note, recognises that, by taking it, he is lending money. In the first form again, we have very generally loans made by the wealthy to the less wealthy, primarily at any rate, for the conveni- ence of the latter; in the second form, more often, loans made by the relatively poor to the relatively rich, and 1 Book in. Chap. Xi. Sec. 2. 2 Ibid. , sec. 3. THE CREDIT SYSTEM 163... primarily for their own convenience. The connotation of the verb ' to lend ' is, indeed, so completely bound up with lending of the first description that we seldom apply it naturally to lending of the second sort. The latter sort of loans, when made to a bank, we call ' deposits, ' and it takes an effort of thought to realise thatkleposits are loanspt aU. It was evidently the first sort of credit that was generally before the mind of Knies, the second that was before the mind of M'Leod. The first is a simple and straightforward matter which presents no puzzles or contradictions.
What to read after Monetary Economics?
You can find similar books in the "Read Also" column, or choose other free books by William Warrand Carlile to read onlineMoreLess
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