 | David Ricardo - 1821 - 560 страници
...circulates : the whole charge for paper money may be considered as seignorage. Though it has no intrinsic value, yet, by limiting its quantity, its value in...the same principle, too, namely, by a limitation of its quantity, a debased coin would circulate at the value it should bear, if it were of the legal weight... | |
 | Peter Warden Grant - 1825 - 222 страници
...increasing its quantity. It is on this principle that paper> money circulates, though it has no intrinsic value; yet by limiting its quantity, its value in...exchange is as great as an equal denomination of coin or bullion in that coin. On the same principle too, namely, by a limitation in quantity, a debased coin... | |
 | Henry Varnum Poor - 1877 - 668 страници
...circulates: the whole charge for paper money may be considered as seigniorage. Though it has no intrinsic value, yet, by limiting its quantity, its value in...debased coin would circulate at the value it should bear if it were of the legal weight and fineness, not at the value of the quantity of metal which it... | |
 | Henry Varnum Poor - 1877 - 704 страници
...circulates: the whole charge for paper money may be considered as seigniornge. Though it has no intrinsic value, yet, by limiting its quantity, its value in...debased coin would circulate at the value it should bear if it were of the legal weight and fineness, not at the value of the quantity of metal which it... | |
 | Henry Varnum Poor - 1877 - 706 страници
...circulates: the whole charge for paper money may be considered as seigniorage. Though it has no intrinsic value, yet, by limiting its quantity, its value in...same principle, too, namely, by a limitation of the quantitv, a debased coin would circulate at the value it should bear if it were of the legal weight... | |
 | Francis Amasa Walker - 1877 - 578 страници
...The whole charge for paper money may be considered as seigniorage. Though it has no intrinsic Talue, yet by limiting its quantity its value in exchange...denomination of coin, or of bullion in that coin. ... On these principles it will be seen that it is not necessary that paper money should be payable in specie... | |
 | Francis Amasa Walker - 1877 - 580 страници
...circulates. _ The whole charge for paper money mayjbe_considered as seigniorage. Though it has no intrinsic value, yet by limiting its quantity its value in exchange...denomination of coin, or of bullion in that coin. . . . Ou these principles it will be seen that it is not necessary that paper money should be payable... | |
 | Freeman Otis Willey - 1882 - 564 страници
...in its quantity.]. It is on this principle that paper money circulates. Though it has no intrinsic value, yet, by limiting its quantity, its value in exchange is as great as an equal quantity of coin, or of the bullion in that coin. . . . On these principles it will be seen that it... | |
 | Francis Amasa Walker - 1883 - 506 страници
...charge for paper money," says Mr. Ricardo, "maybe considered as seigniorage. Though it has no intrinsic value, yet by limiting its quantity, its value in...denomination of coin, or of bullion in that coin. It is not necessary that paper money should be payable in specie to secure its value ; it is only necessary... | |
 | David Ricardo, John Ramsay McCulloch - 1886 - 688 страници
...circulates: the whole charge for paper money may be considered as seignorage. Though it has no intrinsic value, yet, by limiting its quantity, its value in...as an equal denomination of coin, or of bullion in tlint coin. On the same principle, too, namely, by a limitation of it; quantity, a debased coin would... | |
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Though it has no intrinsic value, yet, by limiting its quantity, its value in exchange is as great as an equal denomination of coin, or of bullion in that coin. 
