The Case Against Bimetallism
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In our eReader you can find the full English version of the book. Read The Case Against Bimetallism 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 Case Against Bimetallism
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The motives of hoarding, and the price to be paid " in meal or in malt " for the hoards, determine the demand : and the price to be obtained, which acts upon both the existing hoards as well as upon the annual production, when any new hoard is in question, determines the supply. The possibility of using the hoards as money, especially when in the form of coin, may be an element in their value ; but it is only one element out of many, and for this purpose, accordingly, the precious metals are pr...actically merchandise only. Equally with the stock of the precious metals for purely non-monetary uses, the stocks of the precious metals hoarded are very large. The military and quasi- military chests of military Governments like France, Germany, and Eussia: the accumulations of the precious metals in those countries, far beyond any strict requirement of monetary circulation : are enor- mous. The United States, again, has accumulated both gold and silver in its Government vaults far beyond any ordinary monetary necessity.
What to read after The Case Against Bimetallism?
You can find similar books in the "Read Also" column, or choose other free books by Robert Giffen to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The motives of hoarding, and the price to be paid " in meal or in malt " for the hoards, determine the demand : and the price to be obtained, which acts upon both the existing hoards as well as upon the annual production, when any new hoard is in question, determines the supply. The possibility of using the hoards as money, especially when in the form of coin, may be an element in their value ; but it is only one element out of many, and for this purpose, accordingly, the precious metals are pr...actically merchandise only. Equally with the stock of the precious metals for purely non-monetary uses, the stocks of the precious metals hoarded are very large. The military and quasi- military chests of military Governments like France, Germany, and Eussia: the accumulations of the precious metals in those countries, far beyond any strict requirement of monetary circulation : are enor- mous. The United States, again, has accumulated both gold and silver in its Government vaults far beyond any ordinary monetary necessity.
What to read after The Case Against Bimetallism?
You can find similar books in the "Read Also" column, or choose other free books by Robert Giffen to read onlineMoreLess
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