Remarks Upon Some Prevalent Errors

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Excerpt from Remarks Upon Some Prevalent Errors: With Respect to Currency and Banking The process above described requires from its great practical importance to be maturely consi dered, and the following inference that directly ¿ows from it should be firmly fixed in the reader's mind. NO change in the value of a currency, either purely metallic, or of convertible paper, arising merely from a change in its amount, and leaving the standard unaltered, can take place in any given country without ultimately affecting, in an almost equal degree, the currencies of all other countries. The value Of this principle will be 'seen particularly hereafter, when we have to criticise certain prevailing opinions. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.