Triumph of the Bankers : Money and Banking in the Eighteenth and Nineteenth Centuries Hardback
In this sure-to-be-controversial history of money and banking, Hixson examines the historical and resulting present-day deficiencies of the U.S. monetary and banking system. His study reveals that in a whole series of historical cases over the eighteenth and nineteenth centuries faulty economic principles were applied to the developing system.
His bold conclusions include suggestions that: commercial banks should be required to maintain 100 percent reserves on all demand-deposit accounts and thus be denied the present privilege of creating credit-money; and the federal government should be the sole creator of money in the economy.
As in his previous book, Hixson challenges generally accepted historical and economic wisdom, making this a significant contribution to the literature.
- Format: Hardback
- Pages: 208 pages
- Publisher: ABC-CLIO
- Publication Date: 28/07/1993
- Category: Banking
- ISBN: 9780275946074