The Silver Question
The Silver Question
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In our eReader you can find the full English version of the book. Read The Silver Question 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 Silver Question
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We can also understand that the somewhat prevalent idea that only a small percentage of business is done by money, is erroneous; while it is eminently true that the total stock of money in a country like ours is not worth more than say two or three per cent of the total value of all the commodities turned over in a year, or say only one-fifth of one per cent of the value of the goods turned over in ten vears, or the infinitesimal fraction of 'one- fiftieth part of one per cent of the value of t...he goods turned over in one hundred years. Prominent defenders of a single gold stand- ard argue that it is of little consequence whether we have much money or little money in the country, because money plays a very small part in the exchange of goods. The argument is false.
DETAIL TRANSACTIONS, How much iiionoy is necessary to transact :lie business of a worlving man who earns |2 1 day? Tlie per capita circuhition would liardly furnish a satisfactory answer, since many people would use more and many peo- [>le would use less money than the working- man who earns |2.
What to read after The Silver Question?
You can find similar books in the "Read Also" column, or choose other free books by J N Sderholm to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
We can also understand that the somewhat prevalent idea that only a small percentage of business is done by money, is erroneous; while it is eminently true that the total stock of money in a country like ours is not worth more than say two or three per cent of the total value of all the commodities turned over in a year, or say only one-fifth of one per cent of the value of the goods turned over in ten vears, or the infinitesimal fraction of 'one- fiftieth part of one per cent of the value of t...he goods turned over in one hundred years. Prominent defenders of a single gold stand- ard argue that it is of little consequence whether we have much money or little money in the country, because money plays a very small part in the exchange of goods. The argument is false.
DETAIL TRANSACTIONS, How much iiionoy is necessary to transact :lie business of a worlving man who earns |2 1 day? Tlie per capita circuhition would liardly furnish a satisfactory answer, since many people would use more and many peo- [>le would use less money than the working- man who earns |2.
What to read after The Silver Question?
You can find similar books in the "Read Also" column, or choose other free books by J N Sderholm to read onlineMoreLess
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