Money and Its Laws: Embracing a History of Monetary Theories, and a History of the Currencies of the United States |
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Page viii
... discount of which they are issued Makers of bills virtually undertake to retire the notes issued in their dis- count . . . 17 • All these operations based upon merchandise The instruments by which they are conducted paper money ...
... discount of which they are issued Makers of bills virtually undertake to retire the notes issued in their dis- count . . . 17 • All these operations based upon merchandise The instruments by which they are conducted paper money ...
Page ix
... discounted . . Effect of discounting accommodation bills Inflation and contraction which result . Disastrous consequences Of the discount of bills given in the purchase of real property 31 31 32 33 33 33 34 35 36 Of the discount of ...
... discounted . . Effect of discounting accommodation bills Inflation and contraction which result . Disastrous consequences Of the discount of bills given in the purchase of real property 31 31 32 33 33 33 34 35 36 Of the discount of ...
Page x
... discount of which it was issued Every possessor of merchandise competent to issue a convertible currency . The greater part of the currencies to be issued locally . Convertible currencies will never circulate far from the place of their ...
... discount of which it was issued Every possessor of merchandise competent to issue a convertible currency . The greater part of the currencies to be issued locally . Convertible currencies will never circulate far from the place of their ...
Page xvii
... discount at the Bank , from 1795 to 1813 , 186 187 189 189 • 190 • inclusive ( note ) 190 Forbidden by its charter to make loans to government 191 Loans made in violation of this law .. 191 Parliamentary authority sought for such loans ...
... discount at the Bank , from 1795 to 1813 , 186 187 189 189 • 190 • inclusive ( note ) 190 Forbidden by its charter to make loans to government 191 Loans made in violation of this law .. 191 Parliamentary authority sought for such loans ...
Page xviii
... discount of short bills representing real transactions , denied . • Not the excess alone , but all the issues of the Bank speedily return for redemption . The excess acts upon the exchanges only through its effects Mode in which it does ...
... discount of short bills representing real transactions , denied . • Not the excess alone , but all the issues of the Bank speedily return for redemption . The excess acts upon the exchanges only through its effects Mode in which it does ...
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Common terms and phrases
accommodation bills Adam Smith amount of coin Aristotle assumed Bank of England bank-notes bankers bills given borrowers bullion capital circulation commerce Committee commodities consequently consumers consumption contraction convertible corresponding amount cost credits issued debt demand deposits depreciated discharge discount distribution Economists effect equal excess exchange exports foreign gold and silver greater hand holders Hume immediately inconvertible increase industry instruments issuers kind labor latter laws liabilities loans Lord Overstone loss means measure ment merchandise merchant methods nature necessary never notes and credits operations paid paper currency paper money parties payable payment Political Economy possessed precious metals principle produce profit proper purchase quantity rate of interest ratio reason received reduced rency represent reserves says securities sell Smith specie speedily supply supposed symbolic currency theory thing tion trade transactions usury value of money Wealth of Nations whole wholly