Money And Prosperity
Money And Prosperity
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In our eReader you can find the full English version of the book. Read Money And Prosperity 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 Prosperity
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No panic has ever been produced by lowering the cost of production of commodities.
The gold standard men are compelled to admit that the fall of general prices began the year silver was demonetized. They claim that the fall of prices is not due to the demonetization of silver, but to im- proved methods of production. One would conclude, if not otherwise informed, that the only new inven- tions and improvements in the various arts have been FALLING PRICES 85 inaugurated since silver was demoneti...zed. There has been no period in our history as a nation that has given birth to more great inventions, improved ma- chinery, and means to reduce the cost of commodities than that between 1850 and 1873, yet general prices were steadily rising during that time. Increasing or steady prices are a most powerful incentive to induce men to work and to produce an abundance of wealth. Fewer than three per cent, of the people of the United States are benefited by falling prices.
Since silver was demonetized all of the principal agricultural staples have been declining in price.
What to read after Money And Prosperity?
You can find similar books in the "Read Also" column, or choose other free books by C H S Littleton to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
No panic has ever been produced by lowering the cost of production of commodities.
The gold standard men are compelled to admit that the fall of general prices began the year silver was demonetized. They claim that the fall of prices is not due to the demonetization of silver, but to im- proved methods of production. One would conclude, if not otherwise informed, that the only new inven- tions and improvements in the various arts have been FALLING PRICES 85 inaugurated since silver was demoneti...zed. There has been no period in our history as a nation that has given birth to more great inventions, improved ma- chinery, and means to reduce the cost of commodities than that between 1850 and 1873, yet general prices were steadily rising during that time. Increasing or steady prices are a most powerful incentive to induce men to work and to produce an abundance of wealth. Fewer than three per cent, of the people of the United States are benefited by falling prices.
Since silver was demonetized all of the principal agricultural staples have been declining in price.
What to read after Money And Prosperity?
You can find similar books in the "Read Also" column, or choose other free books by C H S Littleton to read onlineMoreLess
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