Hixson - Triumph of the Bankers Money and Banking in the Eighteenth a - X555z

Triumph of the BankersMoney and Banking in the Eighteenth and Nineteenth Centuries\nAuthor(s): William F. Hixson\nFormat: Hardback\nPublisher: Bloomsbury Publishing Plc, United States\nImprint: Praeger Publishers Inc\nISBN-13: 9780275946074, 978-0275946074\nSynopsis\nIn this sure-to-be-controversial history of money and banking, Hixson examines the historical and resulting present-day deficiencies of the [url] 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 wisd.