William F. Hixson

Triumph of the Bankers

Money and Banking in the Eighteenth and Nineteenth Centuries

• Gebundenes Buch

Produktbeschreibung

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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Produktdetails

• Verlag: Praeger
• Seitenzahl: 210
• Erscheinungstermin: 30. Juli 1993
• Englisch
• Abmessung: 240mm x 161mm x 16mm
• Gewicht: 485g
• ISBN-13: 9780275946074
• ISBN-10: 027594607X
• Artikelnr.: 25562566

Autorenporträt

WILLIAM F. HIXSON is a retired businessman and engineer, as well as an amateur economist, who has published articles in the Eastern Economic Journal, The History of Economics Society Bulletin, and Economies et Societes./e He is the author of A Matter of Interest: Reexamining Money, Debt, and Real Economic Growth (Praeger, 1991).

Inhaltsangabe

Introduction "Smith's Law" and "Fisher's Equation of Exchange" The
Impracticality of a Gold/Silver Standard The Undesirability of a
Gold/Silver Standard Low Growth Rates of Money Supply More Rapid Growth
Rates of Money Supply Money as a Legal and Psychological Matter Paper Money
Created by Colonial Governments: Background and the Pennsylvania Example
Paper Money Created by Colonial Governments: Other Examples and Summation
Paper Money Created by Private Banks in Eighteenth-Century Britain Adam
Smith on the Bank of England and Banking in General Financing the War for
Independence of the United States The Decade of the 1780s in the United
States The Constitution, Money, and Banking in the Early Decades of the
United States Money and Banking in Britain from 1792-1821 Money and Banking
in Britain in the Later Years of the Nineteenth Century The Bank of the
United States and Other Matters, 1800-1836 The Discovery of Gold in
California and Other Matters, 1836-1860 Union Financing of the Civil War,
1861-1863 Union Financing of the Civil War, 1864-1866 From War's End to the
Resumption of Gold Payments, 1865-1879 Bimetallism and Populism, 1879-1896
New Gold Discoveries and Other Matters, 1896-1914 The Period 1864-1914
Considered as a Whole References Index