100% Money — Designed to keep checking banks 100% liquid; to by Irving Fisher

By Irving Fisher

“So lengthy as we've got a method less than which our circulating medium is a derivative of non-public debt. The time whilst not anyone desires to cross into debt is the very time once we so much want money..”

“The essence of the a hundred% plan is to generate income self sufficient of loans; that's, to divorce the method of constructing and destroying cash from the enterprise of banking… finishing the persistent inflations and deflations that have ever been the nice monetary curse of mankind and that have sprung mostly from [private advertisement] banking.”

“The a hundred% method is, theoretically, fullyyt self sufficient of any specific financial coverage. It don't need to be mixed with a stabilization coverage from now on than with a deflation or inflation policy.”

“The Federal Reserve procedure was once meant, between different issues, to rescue the govt. from such banker keep an eye on. This used to be an aspiration of President Wilson’s. It used to be therefore that the Federal Reserve notes have been known as “Obligations of the United States.” yet truly this was once only a word and little greater than a nominal concession to Mr. Bryan, the Secretary of kingdom, with a purpose to achieve his help. those notes supply the USA no virtue — to the contrary, they just impose a contingent legal responsibility. because the scheme now works out, the Federal Serve Banks have nearly swapped their non-interest-bearing Federal Reserve notes (and different Federal Reserve credits) for usa executive bonds. what's wanted is almost to change back.”

Show description

Read Online or Download 100% Money — Designed to keep checking banks 100% liquid; to prevent inflation and deflation; largely to cure or prevent depression; and to wipe out much of the National Debt. PDF

Similar banks & banking books

Investment Banking Focus Notes (Wiley Finance)

Funding Banking concentration NOTES presents a complete, but streamlined, evaluate of the elemental abilities and ideas mentioned in funding Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions, moment version. the focal point notes are designed to be used either as a spouse to the ebook, in addition to on a standalone foundation.

Automatisierte Handelssysteme. Die Elektrifizierung des Wertpapierhandels und deren Risiken (German Edition)

Bachelorarbeit aus dem Jahr 2010 im Fachbereich BWL - financial institution, Börse, Versicherung, word: 1,3, Universität Bayreuth, Sprache: Deutsch, summary: Während Handelsparkette und Telefonnetzwerke immer mehr an Bedeutung verlieren, finden Transaktionen zunehmend auf elektronischen Handelsplattformen der Börsen und Alternativen Handelssystemen statt.

Wie Sparkassen treue Kunden abzocken und wie Sie sich erfolgreich dagegen zur Wehr setzen (German Edition)

Millionen Sparkassenkunden zahlen jedes Jahr zu hohe Zinsen und bekommen speedy nichts für ihr Erspartes. Sie fühlen sich bei Beratungsgesprächen über den Tisch gezogen und zahlen horrende Gebühren für Kleinigkeiten. Der Schaden für die Kunden liegt nach Expertenmeinungen bei mehreren Milliarden Euro im Jahr.

Towards Reforming the Legal Framework for Secured Transactions in Nigeria: Perspectives from the United States and Canada

This booklet bargains a important advisor to at least one of the main demanding parts of business legislation, now often known as secured transactions, with a spotlight on Nigerian, Canadian and usa views. A debtor’s skill to supply collateral impacts not just the price of the money borrowed, but in addition in lots of circumstances, even if secured creditors are prepared to supply credits in any respect.

Extra resources for 100% Money — Designed to keep checking banks 100% liquid; to prevent inflation and deflation; largely to cure or prevent depression; and to wipe out much of the National Debt.

Sample text

Download PDF sample

Rated 4.72 of 5 – based on 13 votes