The Banking System of the United States And Its Relation to the Money And Busine
The Banking System of the United States And Its Relation to the Money And Busine
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In our eReader you can find the full English version of the book. Read The Banking System of the United States And Its Relation to the Money And Busine 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 The Banking System of the United States And Its Relation to the Money And Busine
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such an amount of money, the community pays off its loans to save interest, and there occurs the reduction, both in loans and deposits, which we have before shown means a decrease in the total amount of purchasing power of the people. We can see, therefore, that under normal conditions the increase or decrease in bank-credit currency has a tendency to keep the purchasing power of a dollar stable, since these increases or decreases in money supply correspond with the increases or decreases in th...e demand for money. Owing to the fact, however, that in times of easy money, loans are unfortunately made in obedi- ence to speculative demands, as well as in accordance with the legitimate demands of business, prices during a period of expanding\ loans have a tendency to rise higher than J they would if loans were confined to the-' supplying of legitimate business alone. In such times, prices have a tendency to become fictitious. During a period of contracting* loans, prices have a tendency to remain ITS RELATION TO GENERAL BUSINESS.
What to read after The Banking System of the United States And Its Relation to the Money And Busine?
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To quickly assess the difficulty of the text, read a short excerpt:
such an amount of money, the community pays off its loans to save interest, and there occurs the reduction, both in loans and deposits, which we have before shown means a decrease in the total amount of purchasing power of the people. We can see, therefore, that under normal conditions the increase or decrease in bank-credit currency has a tendency to keep the purchasing power of a dollar stable, since these increases or decreases in money supply correspond with the increases or decreases in th...e demand for money. Owing to the fact, however, that in times of easy money, loans are unfortunately made in obedi- ence to speculative demands, as well as in accordance with the legitimate demands of business, prices during a period of expanding\ loans have a tendency to rise higher than J they would if loans were confined to the-' supplying of legitimate business alone. In such times, prices have a tendency to become fictitious. During a period of contracting* loans, prices have a tendency to remain ITS RELATION TO GENERAL BUSINESS.
What to read after The Banking System of the United States And Its Relation to the Money And Busine?
You can find similar books in the "Read Also" column, or choose other free books by Charles Gates Dawes to read onlineMoreLess
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