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 xiv
... equal the amount of merchandise entering into consumption Paper money does not supersede, but supplements the use of coin .... A community will " absorb " all the money it can get The promptness in payment of merchants would show that ...
... equal the amount of merchandise entering into consumption Paper money does not supersede, but supplements the use of coin .... A community will " absorb " all the money it can get The promptness in payment of merchants would show that ...
Page xiv
... equal the amount of merchandise entering into consumption . Paper money does not supersede , but supplements the use of coin A community will “ absorb ” all the money it can get .. 135 136 186 The promptness in payment of merchants ...
... equal the amount of merchandise entering into consumption . Paper money does not supersede , but supplements the use of coin A community will “ absorb ” all the money it can get .. 135 136 186 The promptness in payment of merchants ...
Page xvii
... equal the amount of merchandise entering into consumption . Paper money does not supersede , but supplements the use of coin A community will " absorb " all the money it can get • The promptness in payment of merchants would show that ...
... equal the amount of merchandise entering into consumption . Paper money does not supersede , but supplements the use of coin A community will " absorb " all the money it can get • The promptness in payment of merchants would show that ...
Page xx
... equal to coin by a provision of bullion No bullion to be used , from the inconvenience of reaching it Puerility of his scheme . . . . . Eminently practical as a man of affairs Discharged of all sense the moment he took up his pen THE ...
... equal to coin by a provision of bullion No bullion to be used , from the inconvenience of reaching it Puerility of his scheme . . . . . Eminently practical as a man of affairs Discharged of all sense the moment he took up his pen THE ...
Page xxv
... equal nominal Will be maintained at the par of coin , if it do not exceed the amount of the latter it has displaced . 342 342 • 342 342 amounts of coin . . 343 • The difficulty of regulating its quantity the only , but a sufficient ...
... equal nominal Will be maintained at the par of coin , if it do not exceed the amount of the latter it has displaced . 342 342 • 342 342 amounts of coin . . 343 • The difficulty of regulating its quantity the only , but a sufficient ...
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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 cent circulation commodities consequently consumers consumption contracts convertible corresponding amount cost credits issued debt demand deposits depreciated discharge discount distribution dollar effect equal excess exchange exports foreign gold and silver greater holders immediately increase industry interest issuer kind labor latter laws legal tender liabilities loans Lord Overstone loss means measure ment merchant nation nature necessary necessity never nominal value notes and credits operations paid paper currency paper money parties payable payment Political Economy possessed precious metals produce profit proper purchase quantity ratio reason received reduced rency reserves revenue says securities serve Smith specie speedily supply supposed symbolic currency thing tion trade transactions United usury value of money wealth Wealth of Nations whole wholly
Popular passages
Page 121 - Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of any thing that is lent upon usury: unto a stranger thou mayest lend upon usury; but unto thy brother thou shalt not lend upon usury...
Page 449 - That the Government created by this compact was not made the exclusive or final judge of the extent of the powers delegated to itself; since that would have made its discretion, and not the Constitution, the measure of its powers; but that as in all other cases of compact among parties having no common judge, each party has an equal right to judge for itself, as well of infractions, as of the mode and measure of redress.
Page 438 - I do not conceive we can exist long as a nation without lodging somewhere a power which will pervade the whole Union in as energetic a manner as the authority of the State governments extends over the several States.
Page xxxi - And Abraham hearkened unto Ephron; and Abraham weighed to Ephron the silver, which he had named in the audience of the sons of Heth, four hundred shekels of silver, current money with the merchant.
Page 481 - The authority of the Supreme Court must not, therefore, be permitted to control the Congress or the Executive when acting in their legislative capacities, but to have only such influence as the force of their reasoning may deserve.
Page 441 - That every power vested in a government is in its nature sovereign, and includes, by force of the term, a right to employ all the means requisite and fairly applicable to the attainment of the ends of such power, and which are not precluded by restrictions and exceptions specified in the Constitution, or not immoral, or not contrary to the essential ends of political society.
Page 451 - The judiciary of the United States is the subtle corps of sappers and miners constantly working under ground to undermine the foundations of our confederated fabric.
Page 448 - Resolved, that the several States composing the United States of America, are not united on the principle of unlimited submission to their general government; but that by compact under the style and title of a Constitution for the United States and of amendments thereto, they constituted a general government for special purposes, delegated to that government certain definite powers, reserving each State to itself, the residuary mass of right to their own self-government; and that whensoever the general...
Page 442 - ... or other, to some one of so long a list of enumerated powers. It would swallow up all the delegated powers, and reduce the whole to one power, as before observed.
Page 143 - In every country it always is and must be the interest of the great body of the people to buy whatever they want of those who sell it cheapest.