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Triumph of the Bankers: Money and Banking in the Eighteenth and Nineteenth Centuries (Bibliographies & Indexes in Anthropology S)

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Triumph of the Bankers: Money and Banking in the Eighteenth and Nineteenth Centuries (Bibliographies & Indexes in Anthropology S) image
ISBN-10:

027594607X

ISBN-13:

9780275946074

Author(s): Hixson, William F.
Edition: First Edition
Released: Jul 28, 1993
Publisher: Praeger
Format: Hardcover, 208 pages
Related ISBN: 9781932701913
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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.

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