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Money and trade considered

Chapter 12: Transcriber’s Notes
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About This Book

The work analyzes the nature and functions of money, explaining why certain metals served as standards and how money enables valuation, exchange, and enforceable contracts. It surveys the limits of barter and the role of coinage and uniform standards in easing transactions across places. The author links the quantity and quality of money to trade, prices, and the division of labor, and critiques policies aimed at preserving metallic reserves. He advances proposals for transferable credit, bank-issued notes, and organized banking to expand the money supply and invigorate commerce while outlining safeguards needed to sustain public confidence.

Transcriber’s Notes

Punctuation for the most part has been retained as it appears in the original publication.

Page 7: “suplpy themselves” changed to “supply themselves”

Page 108: “becanse, the” changed to “because, the”

Page 118: “of the barely.” changed to “of the barley.”

Page 123: “regulat the prices” changed to “regulate the prices”

Page 144: “by the the prince” changed to “by the prince”

Page 151: “silver mone” changed to “silver money”

Page 159: “at Whisunday” changed to “at Whitsunday”

Page 164: “The paliament” changed to “The parliament”

Page 186: “were not remeeded” changed to “were not remedied”

Page 202: “but likwise” changed to “but likewise”

Page 216: “other rea” changed to “other reasons”

Page 225: “maintain itelf” changed to “maintain itself”