Author : Alfred Yaple
Publisher :
ISBN 13 : 9781330561553
Total Pages : 26 pages
Book Rating : 4.5/5 (615 download)
Book Synopsis The Money Crisis, Causes and Remedy (Classic Reprint) by : Alfred Yaple
Download or read book The Money Crisis, Causes and Remedy (Classic Reprint) written by Alfred Yaple and published by . This book was released on 2015-07-02 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Money Crisis, Causes and Remedy To ascertain the causes of the present financial condition of the country is essential to the discovery and adoption of the proper remedy. That something can not be made by men from nothing; that to assume that any number of so-called cents less than one hundred is a dollar is false; that a government can create or possess no wealth other than that given to it by the people from their stores; that the wealth of a people consists only of the surplus of their productions, or creations of labor remaining after all that they consume or destroy is deducted; that they finite is not infinite, or the limited unlimited, and that the wealth and resources of any people or nation can be exhausted, are axiomatic truths. When, then, any government finds itself without the means to pay the expenses of all the undertakings in which it is engaged, and, in lieu thereof, emits its promises to pay in any form, it anticipates the existing wealth in the hands of the people, or what they are to produce and save in the future, or both; and they are finite. And such promises must be intrinsically as much less in value than real money, the measure of all values, as the interest for the shortest time possible to collect the money from the people and pay such promises will amount to. 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.