Inflation (Classic Reprint) - Softcover

Nicholson, J. Shield

Softcover

ISBN 10: 1330596285 ISBN 13: 9781330596289

Verlag: Forgotten Books, 2018

Inhaltsangabe

This book analyzes the significant abandonment of the gold standard during the First World War, which resulted in the uncontrolled issuance of paper money. The suspension of the gold standard led to an expansion of currency and credit, skyrocketing inflation, and imbalances in foreign exchange. As the author traces the consequences of this financial shift, they emphasize the importance of maintaining a stable monetary system to avoid negative impacts on trade, prices, and economic growth. By examining the historical context and theoretical underpinnings of the gold standard, the book sheds light on the critical role of sound monetary policies in ensuring economic stability and prosperity.

Über diesen Titel

Reseña del editor

Excerpt from Inflation

The Prime Minister and the Chancellor of the Exchequer have declared in Parliament that the excess of public expenditure over revenue threatens the country with national bankruptcy and ruin.

The gloom of the forecast is justified by figures which are perfectly plain and ought to be understood by every thinking person.

In the last Budget estimate before the war (1913 - 14) the total produce from taxes was put down at £160 millions. For the present financial year the charge for public debt is £400 millions and for pensions £100 millions, that is to say more than three times the pre-war revenue from taxation.

Subsidies for bread, railways, trade and unemployment will absorb at least another £160 millions.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Details zur Ausgabe

• Verlag: Forgotten Books
• Erscheinungsdatum: 2018
• Sprache: Englisch
• ISBN 10: 1330596285
• ISBN 13: 9781330596289
• Einband: Tapa blanda
• Anzahl der Seiten: 149
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar