Money and Its Laws: Embracing a History of Monetary Theories, and a History of the Currencies of the United States |
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Common terms and phrases
already amount assumed Bank bankers become bills bullion called capital cause circulation coin commerce commodities condition consequently considerable consumers consumption continued convertible corresponding cost currency demand discount distribution Economy effect employed England equal established excess exchange existence fact followed foreign give given gold and silver greater hand held holders immediately importance increase industry interest issued kind labor land latter less loans loss maintain manner means measure merchandise merchant metals methods nature necessary never notes notes and credits object operations paid paper money parties payment person Political possessed present principles produce profit proper purchase quantity question ratio reason received reduced remain represent reserves result returned rule says securities serve shillings Smith society supply supposed symbolic taken thing tion trade wealth whole wholly
Popular passages
Page 121 - Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of any thing that is lent upon usury: unto a stranger thou mayest lend upon usury; but unto thy brother thou shalt not lend upon usury...
Page 441 - That the Government created by this compact was not made the exclusive or final judge of the extent of the powers delegated to itself; since that would have made its discretion, and not the Constitution, the measure of its powers; but that as in all other cases of compact among parties having no common judge, each party has an equal right to judge for itself, as well of infractions, as of the mode and measure of redress.
Page 430 - I do not conceive we can exist long as a nation without lodging somewhere a power which will pervade the whole Union in as energetic a manner as the authority of the State governments extends over the several States.
Page xxxi - And Abraham hearkened unto Ephron; and Abraham weighed to Ephron the silver, which he had named in the audience of the sons of Heth, four hundred shekels of silver, current money with the merchant.
Page 473 - The authority of the Supreme Court must not, therefore, be permitted to control the Congress or the Executive when acting in their legislative capacities, but to have only such influence as the force of their reasoning may deserve.
Page 433 - That every power vested in a government is in its nature sovereign, and includes, by force of the term, a right to employ all the means requisite and fairly applicable to the attainment of the ends of such power, and which are not precluded by restrictions and exceptions specified in the Constitution, or not immoral, or not contrary to the essential ends of political society.
Page 443 - The judiciary of the United States is the subtle corps of sappers and miners constantly working under ground to undermine the foundations of our confederated fabric.
Page 440 - Resolved, that the several States composing the United States of America, are not united on the principle of unlimited submission to their general government; but that by compact under the style and title of a Constitution for the United States and of amendments thereto, they constituted a general government for special purposes, delegated to that government certain definite powers, reserving each State to itself, the residuary mass of right to their own self-government; and that whensoever the general...
Page 434 - ... or other, to some one of so long a list of enumerated powers. It would swallow up all the delegated powers, and reduce the whole to one power, as before observed.
Page 143 - In every country it always is and must be the interest of the great body of the people to buy whatever they want of those who sell it cheapest.