Paper Money, the Root of Evil. An Examination of the Currency of the United States, With Practical Suggestions for Restoring Specie Payments Without Robbing Debtors
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In our eReader you can find the full English version of the book. Read Paper Money, the Root of Evil. An Examination of the Currency of the United States, With Practical Suggestions for Restoring Specie Payments Without Robbing Debtors 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 Paper Money, the Root of Evil. An Examination of the Currency of the United States, With Practical Suggestions for Restoring Specie Payments Without Robbing Debtors
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To quickly assess the difficulty of the text, read a short excerpt:
" It thus appears, that a depreciation of the cur- rency does not affect the foreign trade of the country ; this is carried on precisely as if the currency main- tained its value." * The conclusion follows logically from the premise which is assumed. If the premium on gold were a correct measure of the depreciation of the currency, and rose " in the same proportion with other things," foreign trade would be carried on in the manner de- scribed. While paper would be used for internal com- merce,... coin would continue to be the only money used in transactions with other nations. The premium on gold would be added to the quotations for bills of exchange, and the increased prices at which the importers would sell tlleii- goods would be exactly equalled by the increased cost of bills of exchange ; or if the practice prevailed of dealing in exchange for coin only, as has happened in this country, the im- porter would pay for the coin with which to buy his * " Principles," etc., Book in., chap, xxii., sec.
What to read after Paper Money, the Root of Evil. An Examination of the Currency of the United States, With Practical Suggestions for Restoring Specie Payments Without Robbing Debtors?
You can find similar books in the "Read Also" column, or choose other free books by Mann, Charles a to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
" It thus appears, that a depreciation of the cur- rency does not affect the foreign trade of the country ; this is carried on precisely as if the currency main- tained its value." * The conclusion follows logically from the premise which is assumed. If the premium on gold were a correct measure of the depreciation of the currency, and rose " in the same proportion with other things," foreign trade would be carried on in the manner de- scribed. While paper would be used for internal com- merce,... coin would continue to be the only money used in transactions with other nations. The premium on gold would be added to the quotations for bills of exchange, and the increased prices at which the importers would sell tlleii- goods would be exactly equalled by the increased cost of bills of exchange ; or if the practice prevailed of dealing in exchange for coin only, as has happened in this country, the im- porter would pay for the coin with which to buy his * " Principles," etc., Book in., chap, xxii., sec.
What to read after Paper Money, the Root of Evil. An Examination of the Currency of the United States, With Practical Suggestions for Restoring Specie Payments Without Robbing Debtors?
You can find similar books in the "Read Also" column, or choose other free books by Mann, Charles a to read onlineMoreLess
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