Excerpt from Mutual Banking: Showing the Radical Deficiency of the Present Circulating Medium and the Advantages of a Free Currency
The long-standing feud between the hard-money advocates and the fiatists has been possible only because each has persisted in looking at only one side of the shield. The former demand a safe currency; the latter desire the benefits of paper money, and each party ignores the other's arguments. This feud the author brings to an end, by proposing a paper currency secured by real property, thus combining the safety of coin with the advantages of paper, and eliminating the evils of both. Whenever a theory of financial reform is broached that involves the issue of paper money, the failures of paper money experiments in the past are brought up as a warning. But the experiments that failed after a fair trial were characterized by one or more of three features which almost inevitably bring disaster, and which mutual banking excludes.
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Author Profile
Henry Cohen, Pharm.D, MS, FCCM, BCPP, CGP
Associate Professor of Pharmacy Practice
Arnold & Marie Schwartz College of Pharmacy and Health Sciences
Long Island University
Chief Pharmacotherapy Officer
Director of Pharmacy Residency Programs
Kingsbrook Jewish Medical Center
Brooklyn, New York
Henry Cohen, Pharm.D., MS is Associate Professor of Pharmacy Practice at the Arnold & Marie Schwartz College of Pharmacy and Health Sciences of Long Island University in Brooklyn, New York. He is also the Chief Pharmacotherapy Officer for the Department of Pharmacy and Director of Pharmacy Residency Programs including a PGY-2 Geriatrics Residency Program at the Kingsbrook Jewish Medical Center/David Minkin Rehabilitation Center also in Brooklyn. The Pharmacotherapy Department is one of the largest clinical programs in New York State with 17 clinical Pharmacists and Pharmacy Residents.
Dr. Cohen earned a Bachelor of Science in Pharmacy and his Master of Science with a Specialty in Pharmacotherapeutics from the Arnold & Marie Schwartz College of Pharmacy and Health Sciences of Long Island University in Brooklyn. Subsequently, Dr. Cohen earned his traditional Doctor of Pharmacy degree from St. John's University College of Pharmacy in Jamaica, New York.
Dr. Cohen is Board-certified in Geriatric Pharmacotherapy, and Neuropsychiatric Pharmacotherapy; he is a Fellow of The American College of Critical Care Medicine.
The editor-in-chief of "The Journal of Pharmacy Practice" and editor for "The New York State Journal of Health-System Pharmacists", Dr. Cohen has published over 100 book chapters, manuscripts, and abstracts and has presented over 500 invited lectures on pharmacotherapeutic topics throughout the United States. He is a P&T member of PharMerica and The National Medical Health Care Systems; he is also a member of the National Quality Forum's Safety Technical Advisory Panel in Washington, DC.
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Paperback. Condition: New. Print on Demand. This book argues that interest payments should be abolished, aligning with the views of several great thinkers like Aristotle and Proudhon. The author explains that interest is not a necessary part of lending, but rather a premium paid to banks for insuring credit. This is unfair, as banks have a monopoly on the exchange of credit, and can therefore charge exorbitant fees. The author believes this monopoly can be broken by allowing free competition in banking and by creating new institutions that can provide credit at cost. The book also tackles the contentious issue of paper currency, and argues that it can be made safe and practical by backing it with real property. Overall, the book offers a comprehensive critique of the current financial system, and proposes radical changes that could create a fairer and more just economy. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781334469848_0
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334469848
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334469848
Quantity: 15 available