The Financial Philosophy; Or, the Principles of the Science of Money; With Observations on the Present Situation (Paperback)

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. 1895 Excerpt: ...loss to the government by the depreciation of the currency from January, 1862 to April, 1866, $1,297,000,000. This does not include the losses of private individuals." That is a part of what we paid for lawlessness, for acting on the idea that "law" (legislation) makes money. The first legal tender act ever passed no doubt aimed at theft, just as the legal tender act, known as the coinage law of 1873, in which the silver dollar, the unit of money, was dropped from the coinage, originated with foreign thieves, and was passed by their American associates and their dupes. CHAPTER V. THE RATIO BETWEEN GOLD AND SILVER. We have now reached the most interesting point in the battle for human rights in respect to the medium of exchange. The City of Gold-Basis-Fiatism, on which, armed with Natural Rights, we have been closing in, is all taken, except the citadel, to which the oppressors fall back and in which they shut themselves up, confident that it cannot be taken. Or, using another figure: A certain very hard problem in geometry is known in the schools as the Pons Asinorum, or Bridge of the Asses, because the dull halt at it long and are got over it with difficulty just as is the case with a donkey at a bridge. The ratio may well be called the Pons Asinorum of the science of money. Here we find the leaders of gold-basis fiatism bunched up and declaring that the bridge cannot be crossed. (a) The endeavor shall be in this chapter to settle for all time the question of coinage ratios; open for all time to come the Pons Asinorum of the science of money. Some of the "men" (homines, those who do homage) of.the lords of this financial feudal system say that however.desirable it may be it is impossible to use gold and silver, together, as no fixed...