The Corner in Gold: Its History and Theory: Being a Reply to Mr. Robert Giffen's 'Case Against Bimetallism.'J. Parker & Company, 1893 - 130 páginas |
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Página 25
... modities must be effectually demanded : that is , bought and to BUY , is to offer money . If there is no money , things cannot be bought ; and conversely , when people have money , they buy . It is a pure delusion The Corner in Gold . 25.
... modities must be effectually demanded : that is , bought and to BUY , is to offer money . If there is no money , things cannot be bought ; and conversely , when people have money , they buy . It is a pure delusion The Corner in Gold . 25.
Página 26
... pure delusion to suppose , as Political Economy always does , that increase of money necessarily raises prices P. The argument is , that because money is a commodity , increase in its quan- tity lowers its value , and must do so . But ...
... pure delusion to suppose , as Political Economy always does , that increase of money necessarily raises prices P. The argument is , that because money is a commodity , increase in its quan- tity lowers its value , and must do so . But ...
Página 29
... pure ardour for science . They fear , if new money comes in , the value of their own ' ringing coin ' may grow less . Why do they not abolish Banking and cheques altogether ? But of this anon , Meg . Yet on their theory will they ...
... pure ardour for science . They fear , if new money comes in , the value of their own ' ringing coin ' may grow less . Why do they not abolish Banking and cheques altogether ? But of this anon , Meg . Yet on their theory will they ...
Página 48
... pure non- There is no limit to the demand for money , not only in the case of the whole world , but in the case of one Who ever met a man who had enough money ? sense . man . It is actually , When you are the power of 48 The Corner in ...
... pure non- There is no limit to the demand for money , not only in the case of the whole world , but in the case of one Who ever met a man who had enough money ? sense . man . It is actually , When you are the power of 48 The Corner in ...
Página 73
... pure pleasure of ' circu- □ For example , he says ( p . 199 ) ' to all intents and purposes , the identity between coined and uncoined gold is complete . ' Was ever a more flagrant absurdity printed ? We might as well identify leather ...
... pure pleasure of ' circu- □ For example , he says ( p . 199 ) ' to all intents and purposes , the identity between coined and uncoined gold is complete . ' Was ever a more flagrant absurdity printed ? We might as well identify leather ...
Otras ediciones - Ver todas
The Corner in Gold: Its History and Theory: Being a Reply to Mr. Robert ... Francis William Bain Vista de fragmentos - 1968 |
The Corner in Gold, Its History and Theory: Being A Reply to Mr. Robert ... Francis William Bain Sin vista previa disponible - 2009 |
Términos y frases comunes
absurd Adam Smith authorities Bank Charter Act beggarly elements Bill Bimetallism Bimetallists buying and selling circulate coin commerce CORNER IN GOLD creed of economists currency dear dear Meg demonetised dities doubt drain of gold England error evils exchange fact fatal fix a price fixing a ratio Free Trade function of money Giffen gold and silver gold standard Hence increase of money J. S. Mill labour legislation Lord Liverpool means Mercantile Theorists Mercantilists modities money and commodities monometallic nations nature and function never nomical payment Peel Peel's perform the function Political Economist precious metals production prosperity purchased with commodities quantity of commodities quantity of money question rency Ricardo says sides gain silver and gold simply Sir Robert Peel stand standard of value statesman theory thing tion true truth utterly value of gold vehicle of demand
Pasajes populares
Página 89 - ... change. He was ready to avow, without shame or remorse, that he went into the committee with a very different opinion from that which he at present entertained ; for his views of the subject Were most materially different when he voted against the resolutions brought forward in 1811, by Mr. Homer, as the chairman of the bullion committee.
Página 129 - placers," or gold-beds, even of that most auriferous 'country. The spot was a deep ravine, formed by the Buckland River, enclosed by steep mountain sides which excluded every breath of wind. It was autumn in Australia, though spring here. The air in the ravine was stagnant, and the scorching sun made it intensely hot during the day, while at night the temperature fell to a piercing cold ; so that the sojourners in the ravine were alternately in an oven and an ice-house. Moreover, as the gold-beds...
Página 130 - Constitutions that had borne the hardships of other fields broke down here," wrote an eyewitness of the scene ; " and hundreds have perished, dying unattended and unknown. The little levels between the stream and the base of the mountain-wall, for ten miles along the valley, are so thickly studded with graves that the river appears to run through a churchyard.
Página 20 - ... possible that there should be a deficiency of demand for all commodities, for want of the means of payment ? Those who think so, cannot have considered what it is which constitutes the means of payment for commodities.
Página 129 - A peculiar fever, of the typhoid character, was the natural denizen of the spot ; besides which, the gold seekers suffered severely from eye-blight, owing to the concentrated blaze of the sunshine reflected from the steep sides of the ravine, and they were at all times grievously tormented by clouds of flies. Bad diet and want of vegetables aggravated the diseases natural to the place and to the kind of work. It was a valley of death. ' Constitutions that had borne the hardships of other fields broke...
Página 130 - One new-comer, wiser than the rest, having counted eleven corpses carried past his tent during the dinner-hour of his first working day, and thinking that even gold may be purchased too dearly, left the place instantly. Many abandoned it after a somewhat longer trial. But the greater number, fascinated by the unusual richness of the gold-beds, remained in defiance of disease, and " took their chance," — with what result the numerous graves of the valley testify to this day.
Página 130 - ... to four shillings the pound being readily paid for them. Physic, or what passed for it, rose in price in a still more startling manner — Holloway's pills selling at one shilling each, or a guinea per box ! It was a Valley of Death. ' Constitutions that had borne the hardships of other fields broke down here,' wrote an eye-witness of the scene ; ' and hundreds have perished, dying unattended and unknown.
Página 103 - Woe to the coward, that ever he was born, Who did not draw the sword before he blew the horn!
Página 129 - Australia, though spring here. The air in the ravine was stagnant, and the scorching sun made it intensely hot during the day, while at night the temperature fell to a piercing cold ; so that the sojourners in the ravine were alternately in an oven and an ice-house. Moreover, as the goldbeds lay in the channel of the river, the miners worked up to their waists in water. To this goldfield of surpassing richness hundreds of adventurers flocked in feverish haste ; but disease, like the fabled A dragons...
Página 130 - ... counted eleven corpses carried past his tent during the dinner-hour of his first working day, and thinking that even gold may be purchased too dearly, left the place instantly. Many abandoned it after a somewhat longer trial. But the greater number, fascinated by the unusual richness of the gold-beds, remained in defiance of disease, and " took their chance," — with what result the numerous graves of the valley testify to this day. It was a scene " to point a moral or adorn a tale.