Triumph of the Bankers: Money and Banking in the Eighteenth and Nineteenth Centuries Contributor(s): Hixson, William F. (Author) |
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ISBN: 027594607X ISBN-13: 9780275946074 Publisher: Praeger OUR PRICE: $84.15 Product Type: Hardcover - Other Formats Published: July 1993 |
Additional Information |
BISAC Categories: - Business & Economics | Banks & Banking - Business & Economics | Economic History - Business & Economics | Economics - Theory |
Dewey: 330.126 |
LCCN: 93-296 |
Series: Bibliographies & Indexes in Anthropology S |
Physical Information: 0.5" H x 6.14" W x 9.21" (1.04 lbs) 208 pages |
Descriptions, Reviews, Etc. |
Publisher 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. |