Item description for Triumph of the Bankers by William F. Hixson...
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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Est. Packaging Dimensions: Length: 8.8" Width: 5.8" Height: 0.5" Weight: 0.6 lbs.
Release Date Feb 28, 2005
Publisher E-Booktime, LLC
ISBN 1932701915 ISBN13 9781932701913
Availability 121 units. Availability accurate as of Oct 22, 2016 05:29.
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More About William F. Hixson
WILLIAM F. HIXSON is a retired businessman and engineer, as well as an amateur economist, who has published articles in the Eastern Economic Journal, The History of Economics Society Bulletin, and Economies et Societes.