Absolute Money: A New System of National Finance (Classic Reprint)
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
US$ 18.93
Quantity: Over 20 available
Add to basketItem description from seller
Print on Demand. This book delves into the history and theory of money, challenging the idea that a gold standard is essential for economic stability. The author argues that money is a social construct that has evolved over time, and that a national legal tender currency, not redeemable in specie, but backed by the full faith and credit of the government, is the most effective and equitable monetary system. Drawing on historical examples and economic theory, the author examines the flaws of the gold standard, the benefits of a national currency, and the potential dangers of a return to a gold-based system. This book offers a fresh perspective on the nature and role of money, and will be of interest to economists, historians, and anyone concerned with the future of our monetary 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.…
Seller Inventory # 9781330560211_0
- Title
- Absolute Money: A New System of National Finance (Classic Reprint)
- Author
- Britton Armstrong Hill
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1330560213
- ISBN 13
- 9781330560211
- Seller catalogs
- Economics
We are told that the regulation of money does not pertain to the functions of government, but should be left exclusively to the people themselves, and that government should confine' its activity simply to the protection of the life, liberty and: property of its citizens. I fear, however, that this desire to limit the authority of the government as much as possible, overleaps its own object. The -mere fact, that every nation has been compelled to erect mints, and coin the gold and silver brought to them, by impressing the government stamp upon the metals, shows that government cannot at any rate leave the entire regulation of the money question to its citizens. It must interfere to some extent, and the only ques tion is how far its interference shall extend. I think I have conclusively shown, that government must take control of the whole subject of money issue, and forbid' every outside inter ference with it. Under any other condition a scientific money system is impossible. The United States government might. With equal propriety confer its political and sovereign prerog atives, to make war and to levy taxes, upon the states and private corporations, as to allow the states and banks to' create money. The federal constitution speaks in unmistake able terms on this subject. The founders and statesmen of our republic had no doubts in regard to it, as I have shown by quotations from Franklin, Jefferson, Calhoun, and others. They saw clearly the danger of giving the states and private corporations the right to Create money. They wanted the nation at large to be the exclusive maker of this money; the nation, which alone could afford it adequate support by its wealth, sovereignty and power. But popular prejudice ia' favor of specie was still too strong for them at that time. Even as it needed a great war and the most serious necessi ties of the state before the founders of the bank of England could introduce amongst the people of great Britain the bless ings of paper money, to which, though it was irredeemable from 1797 to 1822, that country has been mainly indebted. For its subsequent so it required a great civil. War and irresistible necessities to force our government in.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Forgotten Books
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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