Popular fallacies regarding bimetallism
Excerpt from the introduction:
This little treatise deals with a subject that has employed many pens but deals with it in a new way. Adopting the method Bastiat followed in his Free Trade Sophismes- J^conomiques, I have selected the leading current phrases, made use of by those who are opposed to the restoration of the joint standard of currency.
Thes
e phrases embody the arguments monometallists rely upon, in their endeavour to maintain the existing monetary anarchy, and each of these arguments is examined in turn upon its merits. Inputting to the test these several monometallist fallacies, I have striven to be concise, to use language clear and simple to those who have not made a study of economic writings, and to base the principle of a common and a stable currency upon reason, rather than upon the passing conditions of trade and commerce.
e phrases embody the arguments monometallists rely upon, in their endeavour to maintain the existing monetary anarchy, and each of these arguments is examined in turn upon its merits. Inputting to the test these several monometallist fallacies, I have striven to be concise, to use language clear and simple to those who have not made a study of economic writings, and to base the principle of a common and a stable currency upon reason, rather than upon the passing conditions of trade and commerce.
Professor Foxwell has done me the great kindness to read over the proof-sheets, and while he can not, under the conditions of a hurried revision, be held responsible for any errors which may remain, I wish most gratefully to acknowledge many valuable suggestions and corrections from his pen.
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