Publisher's Synopsis
Excerpt from Silver Pound and England's Monetary Policy Since the Restoration: Together With the History of the Guinea
It will, I believe, become apparent that by this method, beside obtaining a guarantee for present clearness of discourse, I have succeeded in throwing light upon Opinion and action in the remoter past, and have established a certain order and continuity in the comparison of monetary policy at different periods of history. A salient instance will advise the reader of the importance of this course.
The contrast between Single Standard and Double Standard plays the most important part in modern discussion. Here, in fact, is the line of battle along which the opposing forces of Babel-tongued controversy have been arrayed.
Nevertheless, the facts which I shall set forth, show that in spite of authority on either side, in spite of decades of con?ict and myriad outpourings of thought in print and speech, this antithesis is quite fallacious. Indeed, as I shall show, the English Monetary System was for centuries a Single Standard and a Double Standard. At the same time.
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