An Investigation Into the Principles and Credit of the Circulation of Paper Money, or Bank Notes, in Great Britain: As Protected or Enforced by ... In the Extent of Such Paper Money, the Resp - Softcover
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Excerpt from An Investigation Into the Principles and Credit of the Circulation of Paper Money, or Bank Notes, in Great Britain: As Protected or Enforced by Legislative Authority, Under the Suspension of Paying Them in Cash; In the Extent of Such Paper Money, the Responsibility Attached to It, and Its Effects Upon Prices of Commodities
The forced circulation of paper money has been experienced to extinguifli the paper credit of moft nations which have hitherto reforted to it. America abandoned it: France, in fpite of her domains, found the more authority was ufed to enforce it, of the lefs value it became. Both thefe nations have been obliged to drop it, after the holders were deprived of a great part of their property, and many of them ruined. Exceflivc paper has hitherto proved the tomb of national credit to Government, at leat'r the difappointment of the individuals confiding in it, and the breach of public confidence. It has no termination, but in it own extinélion; it advances from a pound to a hundred, from a hundred to a thoufand, from thoufands to millions, and finally to the jundture in which the whole delufion vanifhes in the expanfion of its own magnitude. A z 4.
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An Investigation Into the Principles and Credit of the Circulation of Paper
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Paperback. Zustand: New. Print on Demand. This book delves into the tumultuous history of paper money throughout various nations. Beginning with an examination of forced circulation and its grave consequences, the author traces the rise and fall of paper credit across different eras and regions. The author argues that paper money, despite its convenience, inherently lacks the stability of specie, often leading to devaluation, economic distress, and even political upheaval. Through a meticulous analysis of case studies, the author demonstrates how excessive reliance on paper money has time and again culminated in financial ruin for both individuals and states. Ultimately, the book reveals the enduring importance of precious metals as a foundation for sound monetary systems, highlighting the fragility of paper alternatives and the need for prudent fiscal policies. 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 9781334472879_0
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An Investigation Into the Principles and Credit of the Circulation of Paper Money, or Bank Notes, in Great Britain
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781334472879
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An Investigation Into the Principles and Credit of the Circulation of Paper Money, or Bank Notes, in Great Britain
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781334472879
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