This historic book may have numerous typos and missing text.
Purchasers can download a free scanned copy of the original book
(without typos) from the publisher. Not indexed. Not illustrated.
1889 edition. Excerpt: ...as I gladly, nay, proudly, do, all that
can be claimed for lessened cost of production, I still insist that
that is no justification of the increase of the purchasing power of
money. Not one jot of that increase belongs to " Dollar." Enough,
if it will buy as much of useful things as it did before these
inventions. All the increased efficiency they have given belongs,
not to money, but to the labor and enterprise giving the increase.
A money that absorbs into its maw, if not all, then a large part of
that increase is the guilty cause of the inequitable distribution
of our rapidly increasing wealth. The industrial strain is not
properly a contest between the rich and the poor, the debtor and
creditor, the laborer and the capitalist, or either of them and the
enterpriser, nor employer and employee. It only seems so, and may
take that form just as a diseased condition of the body will break
out at an old hurt or accidental scratch or strain. It is a contest
between one form of investment and another form: rather it is a
mal-adjustment, a dislocation of proper relation of money to goods.
It is a difficulty caused by the legal impartation to money, of
something that disqualifies it for its supreme function of
valuator, and makes it the most advantageous mode of investment,
imparting to it the power of increase different from the legitimate
one of interest-drawing; so that it seems to increase in idleness
at the expense of every other form of property. Not the enhanced
burden of debt, public and private, --though that is fair ground of
complaint, but not that chiefly. It is because aft appreciating
money is a plethoric, a sluggish money, refusing to function in the
beneficent use of equitable transfer and re-transfer of goods, but
|Country of origin:
Everett D. Stark
||246 x 189 x 1mm (L x W x T)
||Paperback - Trade
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