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At the quarterly periods when the public dividends are paid at the Bank, a sudden
increase takes place of the money in the hands of the public ; an increase
estimated at from a fifth to two-fifths of the whole issues of the Bank of England.
modation from the Bank in the way of discount or loan. ! In like ... “Those
variations occur with the same regularity as the season, and with just as little
disturbance of the markets as the quarterly fluctuations of the notes of the Bank of
retail transactions between dealers and consumers, and in the payment of wages
, that money or bank notes now pass, ... bankers, the balances only being paid in
money; or even these not in money, but in cheques on the Bank of England.
“Applications to the Bank for extended discount,” says the highest authority on
such subjects,” (and the same thing must be ... place; the market rate of interest
then rises, and increased applications are made to the Bank of England for
limitation of the issue of bank notes has been regarded by many political
economists, and by a great portion of the ... of Bank of England notes, which
might not be as effectually accomplished by each individual keeping an account
with the ...
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LibraryThing ReviewРецензія користувача - JohnPhelan - LibraryThing
Pragmatic or muddled? Mill sets out to explore economic principles but, ultimately, finds that there is no principle which doesn't have any amount of conceivable exceptions. You have to wonder why its ... Читати огляд повністю