The Silver Question In Its Social Aspect; An Enquiry Into The Existing Depression Of Trade, And The…

Paperback | February 8, 2012

byHermann Schmidt

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1886 Excerpt: ... i j.-cr-."S--y 1 " H I'M,'.... iTY In its Social Aspect. 55 its train of untold misery. The total abandonment of silver would be an immense monetary and social revolution needlessly brought about by some interested or foolish theorists. Against this danger bi-metallism provides a preserving and conservative policy. We frankly admit that such a policy would be accompanied by a rise in the prices of some commodities from the present low level, but wherever such is the case it would only be a part-restoration of previous quotations. Such a result is so totally different from inflation, that it is difficult always to believe in the bond fide ignorance of those who make the above charge. But even the admission that some prices would again be raised if silver were rehabilitated is fastened upon by our opponents as an argument against bi-metallism. For is it not clear that producers would thereby be robbed of the cheapness of some raw materials enjoyed at present! Would the labourer not be deprived of his cheap loaf? As to the labouring classes we have already discussed the question of their prosperity under the present economic conditions, and commented also on the peculiarity of this zeal for their well-being exhibited by the capitalistic mono-metallists, and we are quite prepared to take their own answer to the question of which is preferable, prosperity and higher prices, or cheap bread and no work.1 But as to destroying the 1 We believe in high prices of labor as being not only a proof, but a cause of prosperity. Oar opponents worship low prices and labor cheapness of raw materials it is evident that bi-metallism could not do that where the cheapness is "real," is the result of the "ingenuity of man." It would, however, do so where cheapness is only apparen...

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1886 Excerpt: ... i j.-cr-."S--y 1 " H I'M,'.... iTY In its Social Aspect. 55 its train of untold misery. The total abandonment of silver would ...

Format:PaperbackDimensions:26 pages, 9.69 × 7.44 × 0.05 inPublished:February 8, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217105858

ISBN - 13:9780217105859

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