Items related to A Measure Proposed to Secure to the People

A Measure Proposed to Secure to the People - Softcover

A Safe Treasury And A Sound Currency

 
9781333782832: A Measure Proposed to Secure to the People

Synopsis

This book proposes a new measure to create a safe treasury and sound currency by allowing individuals to deposit gold bullion and coins in exchange for certificates redeemable in specie. The author argues that this system would provide several benefits. First, it would allow individuals to keep their gold and coins in a safe and secure location. Second, it would free up government funds currently used to maintain a bullion fund at the Mint. Third, it would reduce the risk of financial crises by providing a reserve of gold to meet unexpected demands. The author also discusses the historical and economic context of his proposal. He notes that banks have traditionally been the main repositories of gold and coins, but that their reliance on credit can lead to instability. He argues that his proposal would create a more stable and reliable system of currency. Overall, this book offers a thoughtful and well-argued proposal for reforming the monetary system. It is a valuable contribution to the ongoing debate about how to create a more stable and equitable financial system.

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