Remarks on a Pamphlet Intitled, "the Question Concerning the Depreciation of the Currency Stated and Examined," by William Huskisson, Esq., M. P: ... Currency, Intended to Explain the Real Nature - Softcover
Synopsis
This book presents arguments against altering Britain's current monetary system, which employs a paper currency that is not convertible to specie. At its time of writing in 1810, the British economy was in a state of prosperity that the author attributes to the advantages of a non-convertible paper currency. Detailed discussion points include exchange rates, international trade, and the relative merits of coin, specie, and paper money. The author points out that during the seventeen years in which Great Britain experimented with paper money, it saw economic and social progress on an unparalleled scale. As such, the author advocates against returning to a specie-based system arguing that not only is the current paper currency system far more productive and profitable, but that it is also less vulnerable to the risks associated with specie, such as hoarding and theft.
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Paperback. Condition: New. Print on Demand. This book presents arguments against altering Britain's current monetary system, which employs a paper currency that is not convertible to specie. At its time of writing in 1810, the British economy was in a state of prosperity that the author attributes to the advantages of a non-convertible paper currency. Detailed discussion points include exchange rates, international trade, and the relative merits of coin, specie, and paper money. The author points out that during the seventeen years in which Great Britain experimented with paper money, it saw economic and social progress on an unparalleled scale. As such, the author advocates against returning to a specie-based system arguing that not only is the current paper currency system far more productive and profitable, but that it is also less vulnerable to the risks associated with specie, such as hoarding and theft. 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 # 9781334473852_0
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Remarks on a Pamphlet Intitled, the Question Concerning the Depreciation of the Currency Stated and Examined, by William Huskisson, Esq, M P Currency, Intended to Explain the Real Nature
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Remarks on a Pamphlet Intitled, the Question Concerning the Depreciation of the Currency Stated and Examined, by William Huskisson, Esq, M P Currency, Intended to Explain the Real Nature
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334473852
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