Bimetallism; A Summary and Examination of the Arguments for and Against a Bimetallic System of Currency
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Bimetallism; A Summary and Examination of the Arguments for and Against a Bimetallic System of Currency

Bimetallism; A Summary and Examination of the Arguments for and Against a Bimetallic System of Currency


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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER III. AIMS AND OBJECTS OF BIMETALLISTS. If it is agreed that a suitable ratio of value between The objects the metals can be maintained with sufficient ac- ii8mare(i) curacy for practical purposes, it is next necessary to steady to consider what are the objects which bimetallists (2) to' raise hope to obtain by their proposed reforms. Here fa?e3r''isThc we meet with our first difficulty, for on this point often said there is fax too much ambiguity in bimetallic inevitable literature. It may, however, be broadly stated that I?1 of bimetallists desire one or both of the following lism, but Ejects: - (1) To make prices more steady by lessening the which the a ., i i f i x . 7 . reform is fluctuations in the value 01 money, and to minimize demanded. the troubles due to the fluctuations in foreign exchanges. (2) To raise the price of commodities generally, including the price of silver. Bimetallists claim that, by creating a feeling of confidence as to the future, their monetary system would stimulate commerce ? an object desired by all ? and that it would thus raise prices. Putting aside, for the present, such indirect results, and considering only the direct and immediate rise in prices which, it is generally anticipated, would result from the introduction of a bimetallic system whether the volume of trade were increased or not, it will no doubt be urged by some currency reformers that they do not demand this reform with the definite object of producing any such effect. It would be, they will say, merely a result, probably a beneficial result, which would necessarily accompany bimetallism; an inevitable by-product, as it were, for which they are not responsible. This is, I believe, a common and a serious error, which has arisen from not clearly distingui...


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Product Details
  • ISBN-13: 9781459050426
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 80
  • Spine Width: 4 mm
  • Width: 189 mm
  • ISBN-10: 1459050428
  • Publisher Date: 01 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 159 gr

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Bimetallism; A Summary and Examination of the Arguments for and Against a Bimetallic System of Currency
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