This book delves into the history of cheap-money experiments conducted for centuries. From the English Land Bank in the 17th century to the Rhode Island Paper Bank and the Mississippi scheme in the 18th century, the author meticulously examines these attempts at creating more plentiful and accessible currency. Through these historical accounts, the author highlights the recurring fallacies and harmful consequences of such schemes. The book emphasizes that, despite recurring eras of economic hardship and dissatisfaction, measures that artificially manipulate currency values inevitably lead to instability, erode trust in the monetary system, and ultimately harm the very people they were intended to benefit. By presenting a comprehensive analysis of these past experiments, this book serves as a valuable cautionary tale against the allure of cheap-money panaceas and reinforces the importance of sound monetary principles.
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Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book delves into the history of cheap-money experiments conducted for centuries. From the English Land Bank in the 17th century to the Rhode Island Paper Bank and the Mississippi scheme in the 18th century, the author meticulously examines these attempts at creating more plentiful and accessible currency. Through these historical accounts, the author highlights the recurring fallacies and harmful consequences of such schemes. The book emphasizes that, despite recurring eras of economic hardship and dissatisfaction, measures that artificially manipulate currency values inevitably lead to instability, erode trust in the monetary system, and ultimately harm the very people they were intended to benefit. By presenting a comprehensive analysis of these past experiments, this book serves as a valuable cautionary tale against the allure of cheap-money panaceas and reinforces the importance of sound monetary principles. 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. Seller Inventory # 9781330609729_0
Quantity: Over 20 available
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330609729
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330609729
Quantity: 15 available
Seller: Buchpark, Trebbin, Germany
Condition: Sehr gut. Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. Seller Inventory # 25928846/2
Quantity: 1 available