Opis: Honest Dollars (Classic Reprint) - Ross Edward Alsworth

Excerpt from Honest Dollars

Money has two functions: To be a medium of exchange and to be a standard of value in the payment of debt. Money fulfills the first function best when all its parts circulate at a parity; when its value is uniform in all parts of the country; when it can be conveniently handled in any sum; and when it can be used in international trade. The present money of the United States, composed of gold, of greenbacks, and of banknotes, silver and silver certificates, kept at a parity with gold, has all the qualities of a good medium of exchange, and nobody finds fault with it. Hut as a standard of value it shows the gravest defects; while it is "sound money" it is not honest money.

An honest dollar, like an honest gallon or an honest yard-stick, is simply a Just Standard. A just measure of value you get in the same way that you get a just measure of capacity. It makes no difference how many pecks there are in a bushel - three, four or eight. If we had an eight-peck bushel prices and transactions would adjust themselves to it as they do now to the four-peck bushel.

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Szczegóły: Honest Dollars (Classic Reprint) - Ross Edward Alsworth

Nazwa: Honest Dollars (Classic Reprint)
Autor: Ross Edward Alsworth
Wydawnictwo: FB &c Ltd
Kod paskowy: 9781330713648
Języki: angielski
Ilość stron: 74
Format: 15.2x22.9cm
Oprawa: Miękka

Recenzje: Honest Dollars (Classic Reprint) - Ross Edward Alsworth