Denkschrift über die in der Schweiz, Norwegen, Schweden, Kanada und den Vereinigten Staaten von Nordamerika getroffenen Maßnahmen zur Preisstabilisierung des Getreides sowie über die dabei gemachten Erfahrungen

Zur Geschichte und Theorie des Bergregals und der Bergbaufreiheit

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Monograph

Identifikator:: 1748012967

URN:: urn:nbn:de:zbw-retromon-186134

Document type:: Monograph

Title:: Denkschrift über die in der Schweiz, Norwegen, Schweden, Kanada und den Vereinigten Staaten von Nordamerika getroffenen Maßnahmen zur Preisstabilisierung des Getreides sowie über die dabei gemachten Erfahrungen

Place of publication:: Berlin

Year of publication:: 1926

Scope:: 82 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Title page

Collection:: Economics Books

38 MONEY high commission for printing and maintaining such an issue, which is the proper description of what is done by the bank. That the issue of inconvertible paper was a broken reed for governments to lean on was not then nor for a long time so well recognized as it is now. It was a quick way of getting power to spend—much quicker than taxes and quicker than loans. By pouring out money at the central market for loans, commonly called the Money-market, it kept the rate of interest down, and so appeared to enable the government to borrow on better terms. By raising prices all round it increased the amount of *“ money ” saved by the people and therefore available to be borrowed by the government, and also increased the money yielded by income-taxes and ad valorem commodity taxes. Lastly, but not least important, it was supposed that if money incomesincreased, the people would be less discontented with a diminished amount of material well-being, which seemed to them to come from high prices, than they would be with that diminished amount of material well-being if it seemed to come from diminution of spendable money income. With the exception of the first, all these apparent advantages turned out delusive. True that some of the taxes and other revenues brought in more money, but they rose less rapidly than the expenses of admin- istration and of working state institutions like the Post Office and railways: the countries in which the growth of currency went farthest eventually found that revenue was meeting but a miserably small percentage of their expenses. True that more money could be borrowed at first, but the larger amount only bought as much of the commodities and services required by the State as the smaller amount would have done if the currency had not

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