Principles of Monetary Legislation: With Definite Proposals for Placing the Sound, and Successful Principle Into Permanent Operation (Classic Reprint)

N o branch OF political economy has received more general attention than the monetary section, and yet, in no other branch, has less real progress been made. Whilst the improvement of the financial machinery has kept pace with the ever-increasing strain thrown upon it by the rapid increase in ex change operations and with the growth of the enormous masses of wealth to be manipulated, the science itself has undergone no corresponding advance, and is still in its infancy. The world has not yet emerged out of the panic period of finance a period strewn with terrible disasters in the past, and fraught with ever-increasing danger to the future.

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