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Triumph of the Bankers : Money and Banking in the Eighteenth and Nineteenth Centuries, Hardback Book

Triumph of the Bankers : Money and Banking in the Eighteenth and Nineteenth Centuries Hardback

Description

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.

Information

  • Format: Hardback
  • Pages: 208 pages
  • Publisher: ABC-CLIO
  • Publication Date:
  • Category: Banking
  • ISBN: 9780275946074

£59.00

 
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Also by William F. Hixson