Three Lectures on the Cost of Obtaining Money
- Nassau William Senior (author)
Senior gave these lectures at the University of Oxford in Trinity Term 1829. The Third Lecture is on “Some Effects of Government Paper Money” and deals with a number of historical episodes of hyper inflation.
Key Quotes
Money & Banking
In fact the portableness of the precious metals and the universality of the demand for them render the whole commercial world one country, in which bullion is the money and the inhabitants of each nation form a distinct class of labourers. We know that in the small market of every district the…