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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Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. 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. 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 # 9781333782832_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-9781333782832
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781333782832
Quantity: 15 available