Shall We Change Our Money Standard? (Classic Reprint) PDF Download
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Author: Jesse Francis Orton
Publisher: Forgotten Books
ISBN: 9781528462372
Category : Business & Economics
Languages : en
Pages : 40
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Book Description
Excerpt from Shall We Change Our Money Standard? But the chief question which the people will consciously decide in this election, is whether we shall restore the free coinage of silver as it existed by law prior to 1873. There are certain specious arguments which have really little bearing on the question but are so often used that I must notice them briefly. The intelligence of our people is insulted with the statement that the adoption of a silver currency would place the United States upon a level industrially with Mexico or China. If the chief difference between anglo-saxon civiliza tion and Mongolian or spanish-indian civilization, lies in the material of the coins used, then the sooner we get rid of such a false and hollow civilization, the better. But if our civiliza tion has other substantial elements of superiority, we may dismiss this so-called argument with the contempt which it richly deserves. It is also said that silver must be discarded as a money metal because it is less valuable per unit of weight than gold and so is less convenient to carry in the pocket-book. This is sufficiently answered by saying that paper certificates are more convenient than large amounts of either metal and may be safely and profitably allowed to represent in circula tion the metals, which may thus be left in the government vaults. If the metal which is worth most per ounce were to be selected, then gold as well as silver would have to be dis carded. In selecting a standard metal, stability of value is to be sought, not great value per ounce. As between gold and sil ver, this argument has practically no weight whatever. 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.
Author: Jesse Francis Orton
Publisher: Forgotten Books
ISBN: 9781528462372
Category : Business & Economics
Languages : en
Pages : 40
Get Book Here
Book Description
Excerpt from Shall We Change Our Money Standard? But the chief question which the people will consciously decide in this election, is whether we shall restore the free coinage of silver as it existed by law prior to 1873. There are certain specious arguments which have really little bearing on the question but are so often used that I must notice them briefly. The intelligence of our people is insulted with the statement that the adoption of a silver currency would place the United States upon a level industrially with Mexico or China. If the chief difference between anglo-saxon civiliza tion and Mongolian or spanish-indian civilization, lies in the material of the coins used, then the sooner we get rid of such a false and hollow civilization, the better. But if our civiliza tion has other substantial elements of superiority, we may dismiss this so-called argument with the contempt which it richly deserves. It is also said that silver must be discarded as a money metal because it is less valuable per unit of weight than gold and so is less convenient to carry in the pocket-book. This is sufficiently answered by saying that paper certificates are more convenient than large amounts of either metal and may be safely and profitably allowed to represent in circula tion the metals, which may thus be left in the government vaults. If the metal which is worth most per ounce were to be selected, then gold as well as silver would have to be dis carded. In selecting a standard metal, stability of value is to be sought, not great value per ounce. As between gold and sil ver, this argument has practically no weight whatever. 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.
Author: Jesse Francis Orton
Publisher:
ISBN:
Category : Silver question
Languages : en
Pages : 46
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Book Description
Author: Craig K. Elwell
Publisher: DIANE Publishing
ISBN: 143798889X
Category : Business & Economics
Languages : en
Pages : 18
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Book Description
The U.S. monetary system is based on paper money backed by the full faith and credit of the fed. gov't. The currency is neither valued in, backed by, nor officially convertible into gold or silver. Through much of its history, however, the U.S. was on a metallic standard of one sort or another. On occasion, there are calls to return to such a system. Such calls are usually accompanied by claims that gold or silver backing has provided considerable economic benefits in the past. This report reviews the history of the GS in the U.S. It clarifies the dates during which the GS was used, the type of GS in operation at the various times, and the statutory changes used to alter the GS and eventually end it. It is not a discussion of the merits of the GS. A print on demand oub.
Author: William Stanley Jevons
Publisher: New York : D. Appleton, c[1875]
ISBN:
Category : Exchange
Languages : en
Pages : 396
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Book Description
Series title also at head of t.p.
Author: Jesse Francis Orton
Publisher: Palala Press
ISBN: 9781359276476
Category :
Languages : en
Pages :
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Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: Michael D. Bordo
Publisher: University of Chicago Press
ISBN: 0226066924
Category : Business & Economics
Languages : en
Pages : 694
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Book Description
This is a timely review of the gold standard covering the 110 years of its operation until 1931, when Britain abandoned it in the midst of the Depression. Current dissatisfaction with floating rates of exchange has spurred interest in a return to a commodity standard. The studies in this volume were designed to gain a better understanding of the historical gold standard, but they also throw light on the question of whether restoring it today could help cure inflation, high interest rates, and low productivity growth. The volume includes a review of the literature on the classical gold standard; studies the experience with gold in England, Germany, Italy, Sweden, and Canada; and perspectives on international linkages and the stability of price-level trends under the gold standard. The articles and commentaries reflect strong, conflicting views among hte participants on issues of central bank behavior, purchasing-power an interest-rate parity, independent monetary policies, economic growth, the "Atlantic economy," and trends in commodity prices and long-term interest rates. This is a thoughtful and provocative book.
Author: J. R. McCulloch
Publisher: Forgotten Books
ISBN: 9781333788148
Category : Business & Economics
Languages : en
Pages : 114
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Book Description
Excerpt from A Treatise on Metallic and Paper Money and Banks: Written for the Encyclopaedia Britannica The quality of serving as a measure of value is, there fore, inherent in every commodity. But the slow degrees by which the precious metals change their value, renders them peculiarly well fitted for forming a standard by which to compare the values of other and more variable articles. To this standard reference is almost always made in estimating the value of products in civilised countries. We do not say that one man is worth a thousand acres of land, and that another is worth a thousand sheep, but we ascertain for how much gold or silver the land and the sheep would respectively exchange, and then say that their proprietors are worth so much money. But in this there is nothing mysterious. We merely compare the value of one commodity with the value of another. And as coin or money is the most convenient standard of comparison, the value of other commodities is usually estimated or rated in it. 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.
Author: Colin Dearborn Campbell
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 278
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Book Description
Author:
Publisher: Arihant Publications India limited
ISBN: 9326193489
Category :
Languages : en
Pages : 733
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Book Description
Author: Michael J. Sandel
Publisher: Farrar, Straus and Giroux
ISBN: 1429942584
Category : Philosophy
Languages : en
Pages : 246
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Book Description
In What Money Can't Buy, renowned political philosopher Michael J. Sandel rethinks the role that markets and money should play in our society. Should we pay children to read books or to get good grades? Should we put a price on human life to decide how much pollution to allow? Is it ethical to pay people to test risky new drugs or to donate their organs? What about hiring mercenaries to fight our wars, outsourcing inmates to for-profit prisons, auctioning admission to elite universities, or selling citizenship to immigrants willing to pay? In his New York Times bestseller What Money Can't Buy, Michael J. Sandel takes up one of the biggest ethical questions of our time: Isn't there something wrong with a world in which everything is for sale? If so, how can we prevent market values from reaching into spheres of life where they don't belong? What are the moral limits of markets? Over recent decades, market values have crowded out nonmarket norms in almost every aspect of life. Without quite realizing it, Sandel argues, we have drifted from having a market economy to being a market society. In Justice, an international bestseller, Sandel showed himself to be a master at illuminating, with clarity and verve, the hard moral questions we confront in our everyday lives. Now, in What Money Can't Buy, he provokes a debate that's been missing in our market-driven age: What is the proper role of markets in a democratic society, and how can we protect the moral and civic goods that markets do not honor and money cannot buy?
