A Sound, Honest, True and Stable Money: The Luttgen Monetary System, the Natural and Economic Solution of the World's Monetary Problem (Classic Reprint) - Couverture souple

Frederick William Luttgen

Couverture souple

ISBN 10 : 1330465989 ISBN 13 : 9781330465981

Editeur : Forgotten Books, 2018

Synopsis

The digital edition of all books may be viewed on our website before purchase. Excerpt from A Sound, Honest, True and Stable Money: The Luttgen Monetary System, the Natural and Economic Solution of the World's Monetary Problem (Classic Reprint)



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A propos du livre

Présentation de l'éditeur

The monetary science, notwithstanding the improvements in all the other branches of the scientific world, remains to-day with the same imperfections that existed centuries ago. The discoveries of the application of steam and electricity have aided more the spread of commerce and civilization than any other agent. These agents, however, have been antagonized in the march of progress by an imperfect monetary system or medium of exchange. The monetary system remains to-day in its primitive state, but when properly adjusted, as this system provides, will exercise greater powers than both steam and electricity in the extension of commerce, civilization and Christianity. The merchant seems to have left this question in the past entirely to the banker ;but the banker has given no attention to perfect the monetary system, but has improved and facilitated exchanges and the means to insure safety for centralized capital, etc. He has taken no measures to reduce the frequency of panics, well satisfied that his experience and his measures of safety would protect him against losses during the periods of any panics that might occur. The merchant has been more public-spirited than the banker; i. e., in establishing the system of insurance he provides for the safety of others as well as of himself. We also may take theM ississippi planter, exposed to the periodical dangers of inundation by theM ississippi River with its 1,680 feet of fall, and a course through many latitudes. He was not satisfied in building levees merely to protect his own plantation against the recurring calamities, but through his efforts a substantial system of levees has been constructed that give protection to all industries within theM ississippi Valley.
(Typographical errors above are due to OCR software and don't occur in the book.)

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Détails de l'édition

• Éditeur: Forgotten Books
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 1330465989
• ISBN 13: 9781330465981
• Reliure: Broché
• Nombre de pages: 158
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