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Banking; Reasons in Support of a Bill for Rendering Country Bankers Circulation Invariable, and Convertible Into a Metallic Currency, and for ... to the Right Hon. Lord Althorp, Chancellor of - Softcover
Synopsis
Proposing a new monetary system to stabilize country bank notes and link them to metal currency, this work argues for chartered banks and government licenses as a path to reliability and growth.
This tract lays out a plan to make Bank Note circulation invariant and convertible, at least during times when the Bank of England’s privileges are intact. It outlines how a more transparent, chartered banking network could help the economy, protect the vulnerable, and improve tax collection and government revenue. The author draws on past crises to argue that a private banking system needs reform, greater accountability, and government support to endure shocks and sustain prosperity.
- How a regulated note system could reduce losses for everyday people in financial distress.
- Why chartered banks, with fixed capital and limited membership, have performed more consistently in Scotland and might offer a model.
- What safeguards and revenues might arise from a restructured currency and banking framework.
- Arguments about the Bank of England’s role, competitive notes, and the potential for a government-guaranteed framework.
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Banking (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book puts forth a radical proposal: that the role of banker should move from private to public hands. The author produces a critique of the Bank of England in its failure to adequately respond to the financial crisis of 1825 and proposes several reforms. Firstly, that the government should control all issuance of paper currency, but more importantly, that the government should establish a network of publicly-owned banks to distribute loans to the economy. The author leaves no stone unturned in their critique of the Bank of England and demonstrates a deep understanding of monetary theory. Timely and insightful, this book argues persuasively for the benefits of a national banking system. 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 # 9781333213602_0
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Banking Reasons in Support of a Bill for Rendering Country Bankers' Circulation Invariable, and Convertible Into a Metallic Currency, and for to the Right Hon Lord Althorp, Chancellor o
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781333213602
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Banking Reasons in Support of a Bill for Rendering Country Bankers' Circulation Invariable, and Convertible Into a Metallic Currency, and for to the Right Hon Lord Althorp, Chancellor o
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781333213602
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