Excerpt from Money and Paper Currency: A Study for the TimesI cannot pretend, at this time of day, to write anything both novel and sound on this subject. It has been my object to present a few leading principles and arguments in a convenient form, and to apply them to the solution of some problems now under discussion. It is unnecessary to consider all possible theories. When people see clearly that there is no mystery about currency, except such as has been created by those who claim to expound it, they will be able to judge new propositions, as they arise, by common sense reasoning from first principles.The discussion of some of these first principles is embarrassing, from their very elementary character. They resemble Euclid's axioms in so far that they only be proved by stating them. If a man does not admit at once that the whole 18 greater than a part, no logic will convince him. The same is true of some elementary truths about currency. One can only explain their meaning and may then be charged with repeatingmere truisms. Yet, when the Whole science of currency is attacked, one must go back to the beginning, and make sure that his axioms are sound.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.