14 research outputs found
David Hume on Banking and Hoarding
Get PDFDavid Hume opposes banks and favors hoarding. The only bank he reluctantly approves of is a public, 100% reserve bank. Other banks increase money supply and prices, hindering exports and economic growth. For Hume, a 100% reserve public bank would lead to ‘‘the destruction of paper-credit’’ ([1752] 1985, p. 285), fostering economic growth instead by preventing inflation. Additionally, a 100% reserve bank hoards a large quantity of gold and silver, which is available in case of national emergency
Industrial Organization in Japan. By Richard E. Caves and Masu Uekusa. Washington, D.C.: The Brookings Institution, 1976. Pp. xi, 169. 4.95 paper.
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The State and Economic Enterprise in Japan. Edited by William W. Lockwood. Princeton, New Jersey: Princeton University Press, 1965. ix, 753, Tables, Charts, Index. $12.50.
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