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Observations on the Principles Which Regulate the Course of Exchange; And on the Present Depreciated State of the Currency - Softcover

William Blake

 
9780331511420: Observations on the Principles Which Regulate the Course of Exchange; And on the Present Depreciated State of the Currency

Synopsis

This book offers a critical examination of the impact of currency on the economy, with a particular focus on the effects of over-issuance of banknotes. The author argues that the government's suspension of the convertibility of notes into specie in 1797 led to a depreciation of the currency, which had significant consequences for the economy and society. The author explores the impact of currency depreciation on foreign exchange rates, government expenditure, and the interests of different classes within society. The book sheds light on the complex relationship between currency and the economy, and provides valuable insights into the dangers of excessive monetary expansion.

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