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Further Considerations on the State of the Currency

Maitland, James

Further Considerations on the State of the Currency

Excerpt from Further Considerations on the State of the Currency: In Which the Means of Restoring Our Circulation to a Salutary State Are Fully Explained, and the Injuries Sustained by the Public Treasury, as Well as by the National Creditor, From Our Present Pecuniary System, Are Minutely DetailedBut, unfortunately, we are now in a'very dif ferent state. We have abandoned that metallic standard we had for centuries enjoyed, and we have erected no new standard whatever. We are, and have been now for years, in the same situa tion, with regard to the power of estimating va lue, that a country would be in with regard to the means of ascertaining the quantity of any commodity, who, rejecting all measures, .sold its corn, its cloth, and the, other articles of its pro. Duce and manufacture, by what the contracting parties imagined to be a bushel or a yard whilst, by the length of time this system has endured, we are brought into a state in which this coun try never stood before, for, although it seems img possible that things can long go on as they are, it appears to be equally impossible to devise any arrangement which can restore equality to our car' reney with perfect justice to all.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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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ISBN 9780656781324
Sprache eng
Cover Fester Einband
Verlag Forgotten Books
Jahr 2018

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