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Synopsis
A New Monetary System: The Only Means Of Securing The Respective Rights Of Labor And Property, And Of Protecting The Public From Financial Revulsions — Edward Kellogg. A treatise on money as the governing power of wealth distribution, Kellogg’s work critiques the prevailing monetary system for concentrating wealth in the hands of capital and depriving labor of fair rewards. It advocates a radical reform: a national, government-issued paper currency (the Safety Fund) backed by mortgages on landed property, issued at a uniform, just rate of interest, and funded to ensure stable value and continuous income. The book is organized into Part I, The Principles Of Distribution, with chapters on the nature and function of value and money; and Part II, A True Monetary System, which details the Safety Fund, objections, and the advantages of a paper currency. Kellogg argues for abolition of usury laws and private banking in favor of a stable, universal currency that aligns wealth with labor, aiming to secure rights to labor and property and protect the public from financial revulsions. Original publication year: 1849.
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A New Monetary System: the Only Means of Securing the Respective Rights of Labor and Property, and of Protecting the Public from Financial Revulsions
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A New Monetary System: the Only Means of Securing the Respective Rights of Labor and Property, and of Protecting the Public from Financial Revulsions
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HardPress Ltd, 2021
ISBN 10: 0461586738
ISBN 13: 9780461586732
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New Monetary System
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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 # 2145184949
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