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  • Fred Manville Taylor
  • Do We Want an Elastic Currency? (Classic Reprint) 

    Dieser Artikel gilt, aufgrund seiner Grösse, beim Versand als 2 Artikel!

    Lieferstatus:   i.d.R. innert 5-10 Tagen versandfertig
    Genre:  Wirtschaft / Recht 
    ISBN:  9780331688498 
    Verlag:  Forgotten Books 
    Einband:  Kartoniert  
    Sprache:  English  
    Dimensionen:  H 229 mm / B 152 mm / D 2 mm 
    Gewicht:  59 gr 
    Seiten:  32 
    Zus. Info:  23:B&W 6 x 9 in or 229 x 152 mm Perfect Bound on White w/Gloss Lam 
    Bewertung: Titel bewerten / Meinung schreiben
    Excerpt from Do We Want an Elastic Currency?

    Particularly significant is the ebb and ¿ow of money between the country at large and the great banking centers. Whenever, through the falling ofi in the need, money becomes idle, it is, of course, commonly deposited in a bank. But the bank, in turn, does not have use for unlimited funds; and, if it be outside one of the reserve cities, it naturally ships any surplus to its nearest reserve agent. He presently finds himself over loaded, and passes the currency on to his New York corre spondent. Thus, money which through the diminution of need has been rendered idle tends to accumulate in New York. On the other hand, if the need for money increases, at once a reverse movement begins. The local banker, where the increased need originates, calls on his nearest reserve agent for currency; the latter, in turn, applies to his correspondent in one of the larger reserve cities; and finally, the reserve cities have to fall back on New York. If we could follow these movements with certainty, we should have incontestable evi dence on the point at issue. As a matter of fact, such certainty is not possible. Still, several quite unmistakable indications are available.

    About the Publisher

    Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at

    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.

     Do We Want an Elastic Currency? (Classic Reprint) - (Buch)
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