Money And Its Vicissitudes in Value As They Affect National Industry And Pecuni
Money And Its Vicissitudes in Value As They Affect National Industry And Pecuni
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In our eReader you can find the full English version of the book. Read Money And Its Vicissitudes in Value As They Affect National Industry And Pecuni 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 Money And Its Vicissitudes in Value As They Affect National Industry And Pecuni
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Public and private loans and other contracts fared alike. The paper- money would no longer command the quantity of gold promised on the face of the notes, and, therefore, in effect the lender received only part of that quantity of metal which the bor- rower had covenanted to pay. Nothing could be a grosser violation of justice, and nothing but profound ignorance of the nature of pecu- niary bargains could have led a government with any pretensions to morality, into measures the effect of which ...was to commit an unsus- pected fraud under the mask of law. And yet the matter is so simple, the truth so plain, that we are astonished how they could help per- ceiving it. The confusion of ideas on the subject could never have prevailed but for the accidental circumstance that the term pound had lost its original meaning, and was no longer a designation of weight when applied to the currency. Had bank notes distinctly ex- pressed in ounces or grains the quantity of gold which they represented, the dullest intellect could scarcely have been deceived.
What to read after Money And Its Vicissitudes in Value As They Affect National Industry And Pecuni?
You can find similar books in the "Read Also" column, or choose other free books by Samuel Bailey to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Public and private loans and other contracts fared alike. The paper- money would no longer command the quantity of gold promised on the face of the notes, and, therefore, in effect the lender received only part of that quantity of metal which the bor- rower had covenanted to pay. Nothing could be a grosser violation of justice, and nothing but profound ignorance of the nature of pecu- niary bargains could have led a government with any pretensions to morality, into measures the effect of which ...was to commit an unsus- pected fraud under the mask of law. And yet the matter is so simple, the truth so plain, that we are astonished how they could help per- ceiving it. The confusion of ideas on the subject could never have prevailed but for the accidental circumstance that the term pound had lost its original meaning, and was no longer a designation of weight when applied to the currency. Had bank notes distinctly ex- pressed in ounces or grains the quantity of gold which they represented, the dullest intellect could scarcely have been deceived.
What to read after Money And Its Vicissitudes in Value As They Affect National Industry And Pecuni?
You can find similar books in the "Read Also" column, or choose other free books by Samuel Bailey to read onlineMoreLess
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