 | David Ricardo - Classical school of economics - 1821 - 566 pages
...which was, that it never was increased in quantity, in proportion to its diminished intrinsic value*. There is no point more important in issuing paper...follow from the principle of limitation of quantity. It will scarcely be believed fifty years hence, that Bank directors and ministers gravely contended... | |
 | Peter Warden Grant - Currency question - 1825 - 222 pages
...Bank notes. In issuing paper money, there is, as Mr. Ricardo justly observes, no point more important than to be fully impressed with the effects which follow from the principle of limitation in quantity, and it will scarcely be believed fifty years hence, that there were men, and very able... | |
 | David Ricardo, John Ramsay McCulloch - Economics - 1886 - 688 pages
...which was, that it never was increased in quantity, in proportion to its diminished intrinsic value.* There is no point more important in issuing paper...follow from the principle of limitation of quantity. It will scarcely be believed fifty years hence, that bank directors and ministers gravely contended... | |
 | Banks and banking - 1916 - 832 pages
...quantity, its value in exchange is as great as an equal denomination of coin, or of bullion in that coin. There is no point more important in issuing paper...follow from the principle of limitation of quantity. It is not necessary that paper money should be payable in specie to secure its value; it is only necessary... | |
 | Harold Glenn Moulton - Banks and banking - 1916 - 830 pages
...quantity, its value in exchange is as great as an equal denomination of coin, or of bullion in that coin. There is no point more important in issuing paper...follow from the principle of limitation of quantity. It is not necessary that paper money should be payable in specie to secure its value; it is only necessary... | |
 | Harold Glenn Moulton - Finance - 1921 - 826 pages
...quantity, its value in exchange is as great as an equal denomination of coin or of bullion in that coin. There is no point more important in issuing paper...follow from the principle of limitation of quantity. It is not necessary that paper money should be payable in specie to secure its value; it is only necessary... | |
 | Lionel Danforth Edie - Banks and banking - 1928 - 530 pages
...tenth; for in either case, its value would rise one tenth. " There is no point more important in issuing money than to be fully impressed with the effects...follow from the principle of limitation of quantity. It will scarcely be believed fifty years hence, that bank directors and ministers gravely contended... | |
 | United States - 1943 - 300 pages
..."A currency is in its most perfect state when it consists wholly of paper money, but of paper money of an equal value with the gold which it professes...were unlimited in quantity it would have no value whatever. Nothing has value that is unlimited in quantity. If, instead of sand, the ocean beach were... | |
 | David Ricardo, John Ramsay McCulloch - Economics - 2000 - 636 pages
...which was, that it never was increased in quantity, in proportion to its diminished intrinsic value.* There is no point more important in issuing paper...follow from the principle of limitation of quantity. It will scarcely be believed fifty years hence, that bank directors and ministers gravely contended... | |
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There is no point more important in issuing paper money than to be fully impressed with the effects which follow from the principle of limitation of quantity. 