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A series of jobs of Edward Klarensa Ridzhela (1879 - 1953) - an example of that, how much
Because of ignorance of the elementary economic theory results depreciate
Deep discernments and the long reflexions, drawn attention of the economist
Such rank as Irving Fisher. About an exit not published during lifetime of Ridzhela
Jobs "Flight from Inflation. The Monetary Alternative" declared fund Tektor
- ", the Dignity-pedro, California.> as soon as public will receive alternative,
It will be impossible to induce it to hold becoming cheaper money. Desire to get rid from
The currency which are under the threat of depreciation, will quickly transform it into the disappearing
Only very "firm" money. Money is a unique thing, which
The competition will not reduce the price, for their appeal is defined "them
Problem of "expensive" (stable) money
The competition, which main advantage consists that it does
Production of competitors road, is lifted many by interesting questions. In what
The suppliers, created to themselves about equal reputations will compete and
Calling trust ability to support stability of the currencies? Profits
From issue business (equivalent to loans with zero percent) will be very much
Big also it is improbable that many firms can succeed in him. On this
To the reason of service for the enterprises, leaning in book keeping on currency
The given bank, become, possibly, main tool of competitive struggle and I not
I will be surprised, if banks in essence incur book keeping of the
Though even very big profits of successfully affirmed emitters will not be
Too high price for good money, they will inevitably create the serious
Political difficulties. Not including inevitable indignations of profits of the monetary
Monopolies, the avidity of financial ministers will be real threat to system,
Which will soon demand the share in profits for the permission to the given currency
To circulate in the country, and, of course, all will spoil it. It can quite appear,
That for the democratic government almost as it is necessary to interfere
In monetary affairs, as well as it is reasonable, to regulate them.
Real danger consists, thus, that though today people
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