Excerpt from Eight Per Cent: The Only Remaining Legislative Swindle to the Injury of the Working Classes
Laws, the riots which took place in all our large towns showed that some were not deluded by the false pretence that they were for the benefit of the people - so, at the passing of the Bank Act, Scotland rose almost to a man, and said, It is not for the benefit of the people - keep the swindle from us; and succeeded until Sir Robert Peel, shortly after, tempted the banks in Scotland to agree to a similar measure by bribing them with a monopoly.
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.
Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.
Anbieter: Forgotten Books, London, Vereinigtes Königreich
Paperback. Zustand: New. Print on Demand. This book delves into the complex history of monetary policy in Britain, exposing the inefficiencies and flaws in the existing system. The author argues that the current reliance on an unlimited issuance of paper currency by the Bank of England, coupled with a gold standard, has led to a cycle of economic booms and busts. This system empowers the wealthy at the expense of the working class, as interest rates are raised during economic downturns to prevent the Bank of England from going bankrupt, limiting employment opportunities. The author proposes a solution involving a limited issuance of government-backed paper currency alongside a system of local banks issuing notes backed by government stock. This system, the author argues, would provide a more stable and equitable monetary system, free from the boom-bust cycle and the need to hoard gold. The book offers a unique perspective on the history of monetary policy, challenging conventional wisdom and providing insights into the complexities of currency management. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781331895466_0
Anzahl: Mehr als 20 verfügbar
Anbieter: PBShop.store US, Wood Dale, IL, USA
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781331895466
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781331895466
Anzahl: 15 verfügbar
Anbieter: Buchpark, Trebbin, Deutschland
Zustand: Hervorragend. Zustand: Hervorragend | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. Bestandsnummer des Verkäufers 26008889/1
Anzahl: 1 verfügbar