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Large sums were paid for the use of money, because the available amount of gold and silver was far
Large sums were paid for the use of money, because the available amount of gold and silver was far
Large sums were paid for the use of money, because the available amount of gold and silver was far
Large sums were paid for the use of money, because the available amount of gold and silver was far
Large sums were paid for the use of money, because the available amount of gold and silver was far
Large sums were paid for the use of money, because the available amount of gold and silver was far
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John Buchanan Robinson:
Modern money is almost altogether credit money.John Buchanan Robinson:
The business of a bank is to lend money; which amounts, nowadays, to lending credit.John Buchanan Robinson:
In this way, the charge that the bank makes for the use of its notes - the interest - is a continuaJohn Buchanan Robinson:
Not an old woman that buys a paper of pins, without yielding a part of the price to the banks as inJohn Buchanan Robinson:
Capital, however capital may be defined, would practically cease to exist as an income producing fuJohn Buchanan Robinson:
At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.John Buchanan Robinson:
There is never enough gold to redeem all the currency in circulation.John Buchanan Robinson:
Accordingly, when the supply of gold runs short, the security behind the notes is diminished, the lJohn Buchanan Robinson:
Paper currency has hitherto been regarded with suspicion, as insecure.John Buchanan Robinson:
When not only gold but all commodities are available for the redemption of the paper currency, its