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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. "
Extension of Stabilization Fund and Powers, Etc: Hearing[s], Seventy-eighth ... - Página 152
por United States. Congress. House. Committee on Coinage, Weights, and Measures - 1943
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On the Principles of Political Economy, and Taxation

David Ricardo - 1821 - 538 páginas
...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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Considerations on the State of the Colonial Currency and Foreign Exchanges ...

Peter Warden Grant - 1825 - 190 páginas
...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...
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The Works of David Ricardo

David Ricardo, John Ramsay McCulloch - 1886 - 584 páginas
...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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Principles of Banking: A Series of Selected Materials

1916 - 500 páginas
...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...
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Principles of Money and Banking: A Series of Selected Materials

Harold Glenn Moulton - 1916 - 785 páginas
...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...
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The Financial Organization of Society

Harold Glenn Moulton - 1921 - 789 páginas
...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...
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Extension of Stabilization Fund and Powers, Etc, Hearing ..., on S. 991 ...

United States - 1943 - 286 páginas
..."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...
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The Works of David Ricardo, Esq., M.P.: With a Notice of the Life and ...

David Ricardo, John Ramsay McCulloch - 2000 - 584 páginas
...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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