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We are proud to offer the brilliant The Science of Money and Exchange.

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Manufacturer Description

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1901. Excerpt: ... An Ideal Currency. In the preceding pages I have attempted to briefly outline the fundamental principles of credit and exchange, and to point out some organic defects in the prevailing monetary system, originating in certain radical misconceptions into which its authors have fallen. It is well, however, to remember that it is easier to criticise and discredit existing systems than it is to reform and reconstruct them. It is a far easier task to throw a pessimistic shadow over the world than it is to lift the world out of that shadow. A (sweeping iconoclasm is only valuable in so far a-s it clears the way for a healthy renovation and a sounder reconstruction. If I shall have succeeded in correctly and intelligibly stiiting the basic principles of the science of money and exchange, I might perhaps safely leave their practical application, in the correction and perfection of existing institutions, to the honest, earnest efforts of an enlightened, discriminating and awakened public sentiment. I will, however, venture to briefly outline an ideal currency, in accordance with my conception of what such a currency should be, not with the dogmatic confidence of the orthodox economists, whose theories are propounded as the expression of the absolute unalterable laws of industrial and social development, but with the hope of suggesting something that will aid in the construction of a juster and better commercial system; something, at least, that in its disintegration may furnish materials which some defter hand shall mould into a better structure. I would suggest then that the government establish and operate banks or offices of deposit wherever needed, and that all privatedisconntand deposit banks, as well as banks of issue, be abolished. I would further suggest th...