Cheap-Money Experiments in Past and Present Times

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Excerpt from Cheap-Money Experiments in Past and Present Times: Reprinted, With Slight The great body of the American people would be Of incalculable value to us as a nation. One of these is that no government can create money out Of anything which it may choose to call money. Another is that all classes of the people, rich and poor, laborer and employer, are far better Off with a sound and stable currency than they are with any of the varieties Of cheap money. Another is that no part of the financial or business world can be benefited or injured by changes in the monetary standard of value without correspond ing benefit or injury to the other parts. Still another is that the larger part of the business of the country is transacted upon credit, and that anything which tends to disturb or to foreshadow. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This 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.