Remarks on a Pamphlet Intitled, "the Question Concerning the Depreciation of

John Sinclair

ISBN 10: 1333438478 / ISBN 13: 9781333438470

Published by Forgotten Books, 2019

About this Item

Print on Demand. This book contends that speculative theories on currency have caused widespread financial distress. It argues that monetary value is defined by its ability to purchase goods and services, rather than reliant on a gold standard. The author theorizes that during wartime, an excess of paper currency is necessary to sufficiently fund military campaigns. The book argues that abolishing paper currency in favor of the gold standard would have severe consequences for the economy and the war effort, such as interest rates rising, fewer funds available for government spending, and annuities losing their value. The author contends that the arguments of the Bullion Committee have no justifiable foundation and would lead to economic damage. 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.

Seller Inventory # 9781333438470_0

Bibliographic Details

• Title: Remarks on a Pamphlet Intitled, "the Question Concerning the Depreciation of
• Publisher: Forgotten Books
• Publication Date: 2019
• Language: English
• ISBN 10: 1333438478
• ISBN 13: 9781333438470
• Binding: Paperback
• Condition: New
• Book Type: print-on-demand item
• Seller catalogs:
  • Economics

About this title

Synopsis

Excerpt from Remarks on a Pamphlet Intitled, "the Question Concerning the Depreciation of the Currency Stated and Examined" By William Huskisson, Esq. M. P: Together With Several Political Maxims, Regarding Coin and Paper Currency, Intended to Explain the Real Nature, and Advantages, of the Present System

The foundation of the whole proceedings of the Bullion Committee rested upon this fact, that the market price of gold, when the Report was ordered to be printed, (8th June, was £4. 105. Per oz. Or 155 per cent. Above the Mint price. (rep. P. This was attributed to an excess in the paper circulation of the country (rep. P. It was therefore contended, that a rise in the market price of gold, was the eliect of an excessive quantity of circulating medium in a country, which has adopted a currency, not exportable to other countries, or not convertible at Wlll into a coin which is exportable. (report, p.

About the Publisher

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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.