A New Monetary System: The Only Means Of Securing The Respective Rights Of Labor And Property And Of Protecting The Public From Financial Revulsions (1861)

""A New Monetary System"" is a book written by Edward Kellogg in 1861. The book advocates for a new monetary system that would secure the rights of both labor and property and protect the public from financial revulsions. Kellogg argues that the current monetary system is flawed and leads to economic instability, inequality, and injustice. He proposes a new system based on the principles of mutual credit and free banking, where money is created by mutual agreement between individuals and banks are allowed to issue their own currency. According to Kellogg, this new system would promote economic growth, reduce poverty, and ensure that the benefits of economic activity are shared more fairly among all members of society. The book is a significant contribution to the history of monetary theory and has influenced many subsequent debates on the role of money in the economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.