Via The Cobden Centre » Honest money, a summary of economist Irving Fisher’s “100% Money”: The 100% proposal is the opposite of radical. What it asks, in principle, is a return from the present extraordinary and ruinous system of lending the same money 8 or 10 times over, to the conservative safety-deposit system of the old goldsmiths, before they began lending out improperly what was entrusted to them for safekeeping. It was this abuse of trust which, after being accepted […]
Tags: 100% Money, Banking, Books, Cobden Centre, economics, Finance, Irving Fisher, Money
