Tham khảo tài liệu 'the legalized crime of banking and a constitutional remedy phần 9', ngoại ngữ, anh văn thương mại phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Silas Walter Adams The Legalized Crime of Banking ch 18 Chapter XVIII Inflation And Featherbedding Permit me in this closing chapter to emphasize two facts a cash bills and coins is not a part of our volume of money b Private banking corporations and not the Government and labour are responsible for high prices. high wages high rents high taxes cheap money inflation. On page 27 Reserve book 1939 we read There are two principal ways by which any individual gets paper money and coin. Either he draws it out of the bank and has it charged to his account or he is paid for his labour his services or his merchandise with money that has been drawn out of a bank by someone else. On page 19 same book we find Currency is actually used for only a small part of the country s total volume of payments the greater part being effected by the use of bank personal cheques. Since one must cheque over to the bank a portion of his deposits that he may get cash then it stands to reason that personal cheques and cash are interchangeable and not supplementary. The last edition of this book 1954 which seeks to camouflage the whole picture says on page 5 When a person has 10 in his pocket and 100 in his chequeing account in the bank he is in a position to spend 110. Then on page 7 For a general idea of money the two kinds pocket money and demand money should be considered together. The author forgot that he or someone else had chequed the 10 out of the bank. Both of those statements are designed to camouflage the fact that there is but one kind of money today bank deposits. If we are to consider different kinds of money we must list more than two kinds we must list all express and postal money orders all travellers cheques cashiers cheques because all of these forms of money are good in any market of the United States when bought and signed. And to limit our volume of money just to the demand deposits is the sorriest sort of reckoning. Time deposits may easily be transferred over to the .
