Triumph of the Bankers: Money & Banking in the Eighteenth & Nineteenth Centuries

Hardcover | January 7, 1993

byWilliam F. Hixson

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In this sure-to-be-controversial history of money and banking, Hixson examines the historical and resulting present-day deficiencies of the U.S. monetary and banking system. His study reveals that in a whole series of historical cases over the eighteenth and nineteenth centuries faulty economic principles were applied to the developing system. His bold conclusions include suggestions that: commercial banks should be required to maintain 100 percent reserves on all demand-deposit accounts and thus be denied the present privilege of creating credit-money; and the federal government should be the sole creator of money in the economy. As in his previous book, Hixson challenges generally accepted historical and economic wisdom, making this a significant contribution to the literature.

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In this sure-to-be-controversial history of money and banking, Hixson examines the historical and resulting present-day deficiencies of the U.S. monetary and banking system. His study reveals that in a whole series of historical cases over the eighteenth and nineteenth centuries faulty economic principles were applied to the developing...

Format:HardcoverDimensions:208 pagesPublished:January 7, 1993Publisher:Praeger Publishing

The following ISBNs are associated with this title:

ISBN - 10:027594607X

ISBN - 13:9780275946074

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?Judged by the knowledge, wisdom, and insight it contains, this is one of the best bargains in any book store. One who seeks to understand the "preposterous financial system" which evolved from 1690 through 1914 cannot do better than to start here.?-Economic Reform