Publisher's Synopsis
Excerpt from An Analysis of the Banking and Currency System of the United States: Indicating the Cause of Periodic Panics and Suggesting a Remedy
It is also designed to show that all of our currency is based upon and supported by the gold in circulation; that a given quantity of gold will only support a given quantity of paper, and that we shall invite commercial disaster and national dishonor by injecting too much paper into our circulation; so that there is a definite limit to the quantity of currency.
The amount of our currency can not be indefinitely increased, and it is therefore necessary to get the greatest possible use out of the currency that we have, and to so regulate our affairs that we shall get along on the credit that can safely be granted with such amount of currency.
It is the Opinion of the writer that the trouble with our existing system is two-fold.
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