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CHAPTER X. Of a Double Standard, and Subsidiary
2. Credit a purchasing power similar to money.
3. Effects of great extensions and contractions of credit. Phenomena
4. Bills a more powerful instrument for acting on prices than book
CHAPTER XIII. Of an Inconvertible Paper Currency.
§ 1. The value of an inconvertible paper, depending on its quantity, is a
2. If regulated by the price of bullion, an inconvertible currency
3. Examination of the doctrine that an inconvertible currency is safe
if representing actual property.
4. — of the doctrine that an increase of the currency promotes in-
5. Depreciation of currency a tax on the community, and a fraud on
6. Examination of some pleas for committing this fraud
commodities, holds of any greater number
4. The rate of interest not really connected with the value of money,
3. Reasons for thinking that the Currency Act of 1844 produces a
but produces mischiefs more than equivalent.
6. Should the holders of notes be protected in any peculiar manner
INFLUENCE OF THE PROGRESS OF SOCIETY ON PRODUCTION
Influence of the Progress of Industry and