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Synopsis
Contraction Of Legal Tender Notes Vs. Repudiation And Disloyalty by David Ames Wells. This reprint presents Wells's 1876 polemical treatise on U.S. monetary policy, arguing for the contraction of the national currency and condemning repudiation and disloyalty. Wells contends that legal-tender notes are promises to pay in coin and that inflationary schemes would undermine the public's confidence and the nation's credit. He critiques proposed relief by issuing more irredeemable paper and warns that debasing the currency harms creditors and the broader economy. The pamphlet explains the moral and legal duties of debtors to honor contracts, emphasizes the imperative of specie payments, and links monetary policy to national prosperity. It includes a reformist editorial voice from a Cincinnati Commercial reprint and a letter to Colonel Enoch Ensley discussing the consequences of greenbacks and the risks of repudiation. Across sections he argues that enduring prosperity rests on sound money, fidelity to public pledges, and the restoration of coin-based payments.
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Contraction of Legal Tender Notes Vs. Repudiation and Disloyalty
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Contraction of Legal Tender Notes Vs. Repudiation and Disloyalty
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HardPress Ltd, 2021
ISBN 10: 0371564859
ISBN 13: 9780371564851
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Contraction of Legal Tender Notes Vs. Repudiation and Disloy
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Condition: New. KlappentextrnrnThis is a reproduction of the original artefact. Generally these books are created from careful scans of the original. This allows us to preserve the book accurately and present it in the way the author intended. Since the origina. Seller Inventory # 2144929911
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