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Fallacy of Present Monetary Systems
A Sound Monetary System
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adjustment amount balance in trade Bank of England borrowing burden CHAPTER Clearing-House account Clearing-House Committee constant purchasing power creditor nation currency of constant debit balance debtor nation debts developed nations economic Empire Free Trade equalise equilibrium in industry equilibrium in international equitable exchange rate exporters fallacy favourable Federal Reserve Federal Reserve Board financing foreign markets foreign nations Free Trade gold reserves gold standard gold value Government higher living standards important increase individual capitalism industrialised interest rate internal commerce internal indebtedness international bankers International Clearing House International Clearing-House international currency international dealings international trade balances labour and capital law of supply liquidation loans modity prices nations involved operation over-selling payments possible present monetary systems production proposed prosperity raw materials re-discount rate realise reduce Russia sell sound currency system spending power stabilised supply and demand surplus tariff taxes tend trade settlements Treasury unemployment unsound wages workers world markets