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... on the Regulation of Currencies, show that it required a greater percentage of
difference in value between coin and bullion than has commonly been imagined,
to bring the coin to the melting-pot. * In England, though there is no seignorage ...
The Government might attempt to obtain a profit by the transaction, and might lay
on a seignorage calculated for that purpose; but whatever they took for coinage
beyond its expenses, would be so much profit on private coining. Coining ...
delay of a few weeks after the bullion is deposited, before the coin can be
obtained, occasioning a loss of interest, which, to the holder, is equivalent to a
trifling seignorage. From this cause, the value of coin is in general slightly above
that of ...
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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