The Paper Moneys Of Europe: Their Moral And Economic Significance
Francis W. (Francis Wrigley) Hirst
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BOSTON AND NEW YORK HOUGHTON MIFFLIN COMPANY The Riverside Press Cambridge 1922 COPYRIGHT, 1922, BY THE REGENTS OF THE UNIVERSITY OF CALIFORNIA ALL RIGHTS RESERVED The Riverside Press CAMBRIDGE · MASSACHUSETTS PRINTED IN THE U.S.A.
BOSTON AND NEW YORK HOUGHTON MIFFLIN COMPANY The Riverside Press Cambridge 1922 COPYRIGHT, 1922, BY THE REGENTS OF THE UNIVERSITY OF CALIFORNIA ALL RIGHTS RESERVED The Riverside Press CAMBRIDGE · MASSACHUSETTS PRINTED IN THE U.S.A.
BARBARA WEINSTOCK LECTURES ON THE MORALS OF TRADE This series will contain essays by representative scholars and men of affairs dealing with the various phases of the moral law in its bearing on business life under the new economic order, first delivered at the University of California on the Weinstock foundation....
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THEIR MORAL AND ECONOMIC SIGNIFICANCE
THEIR MORAL AND ECONOMIC SIGNIFICANCE
No more severe reflection could be passed upon the moral and political capacity of the human species than this: Five thousand years after the invention of writing , three thousand after the invention of money , and (nearly) five hundred since the invention of printing , governments all over the world are employing the third invention for the purpose of debasing the second; thereby robbing millions of innocent individuals of their property on a scale so extensive that previous public confiscation
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APPENDIX
APPENDIX
THE BRUSSELS CONFERENCE 18 If all countries were included, a general and proportionate reduction of the military and naval establishments to one half of their present cost would set free a fund of probably at least $3,000,000,000 to $4,000,000,000 annually for the purchase of food and useful commodities, for the stabilization and partial restoration of debased paper currencies, for the payment of debt, the removal of public deficits, the revival of credit, and the reduction of taxes. Thus the ro
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