Fiat Money, Or Resumption For Workingmen - Thomas M Nichol - Bog

Fiat Money, Or Resumption For Workingmen: Considered From The Standpoint Of Their Own Self-Interest is a book written by Thomas M. Nichol in 1878. The book explores the concept of fiat money and its impact on working-class individuals. Nichol argues that fiat money, which is not backed by a physical commodity such as gold or silver, is detrimental to the interests of working-class individuals. He suggests that the government's policy of issuing fiat money leads to inflation, which in turn reduces the purchasing power of the working-class. Nichol also discusses the issue of resumption, which refers to the government's plan to return to a gold-backed currency. He argues that resumption would be beneficial for working-class individuals as it would stabilize the value of money and reduce inflation. The book is written in a clear and concise language, making it accessible to a wide audience. It provides a unique perspective on the issue of fiat money and its impact on the working-class, making it a valuable resource for anyone interested in the history of economics.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.