The Paper Moneys of Europe: Their Moral and Economic Significance by Hirst
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About this eBook
| Author | Hirst, Francis W. (Francis Wrigley), 1873-1953 |
|---|---|
| LoC No. | 22020372 |
| Title | The Paper Moneys of Europe: Their Moral and Economic Significance |
| Note | Reading ease score: 52.8 (10th to 12th grade). Somewhat difficult to read. |
| Credits |
Produced by The Online Distributed Proofreading Team at https://www.pgdp.net (This file was produced from images generously made available by The Internet Archive/American Libraries.) |
| Summary | "The Paper Moneys of Europe: Their Moral and Economic Significance" by Francis W. Hirst is a critical examination of the nature and impact of paper money on European economies, written in the early 20th century, specifically in the post-World War I era. The book serves as a scholarly analysis focusing on the ethical and economic implications of government-issued paper money, detailing how it has historically led to economic degradation and societal injustices. Hirst's exploration draws on historical instances of currency debasement to illustrate the moral failings associated with such practices. In this work, Hirst articulates a clear argument against the use of paper money, positing that it inherently facilitates fraud and economic destabilization, often favoring debtors at the expense of creditors. He references numerous historical examples, ranging from ancient Rome to more contemporary instances in Europe, demonstrating how the devaluation of currency can lead to widespread social strife and economic ruin. The author emphasizes the need for honest governance and sound fiscal policies to restore faith in monetary systems, arguing that the rampant inflation and financial mismanagement witnessed in Europe during the early 1920s not only threatens economic stability but also erodes public trust and ethical standards within society. Hirst calls for the re-establishment of metallic currencies to safeguard the moral fabric of economic relations. (This is an automatically generated summary.) |
| Language | English |
| LoC Class | HG: Social sciences: Finance |
| Subject | Paper money |
| Subject | Currency question |
| Category | Text |
| EBook-No. | 29499 |
| Release Date | Jul 23, 2009 |
| Most Recently Updated | Jan 5, 2021 |
| Copyright Status | Public domain in the USA. |
| Downloads | 92 downloads in the last 30 days. |
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