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Image sizes: 256x256, 128x128, 64x64, 48x48, 40x40, 32x32, 24x24, 20x20, 16x16 File formats: ICO, BMP, GIF, PNG ![]() ![]() ![]() ![]() Tags: animated icon pack, molko icons, st john maximovitch icon, overwrite usr share icons hicolor 16x16, hide desktop icons in vistaTo suffer from the alternating periods of the high and low prices, stability and a panic,Violent liftings and the general recessions in trade. To the most successful will be that bank, Which will be most active during the periods of economic lifting, and at Approach of a panic of others will faster reduce credits and to reduce issue, Resorting to most tough policy. It is difficult to think up system, more Harmful for prosperity of great trading power, than that, which Permits to everyone wishing to print and put into circulation currencies, in That time as in their interests will let out as much as possible papers during the periods Artificial rough economic growth and to reduce issue, when Stimulus." The conclusion of Longfilda, thus, in accuracy corresponded to conclusions Poppy-kulloha: at all the bank-ekspansionist is in the power of the conservative Bank, and on the contrary - last depends on favour of the first; means The automatic control over issue does not exist; on the contrary, rivalry Banks conducts to general expansion. - has mentioned here the major contradiction of the theory of the free bank Business. Anybody and has not tried to respond subsequently it, and we will postpone Detailed consideration of justice of this argument to the final chapter. Till now we tried to collect together isolated enough statements Various people, as until, to which we now closely Have approached, any regular discussion about free bank business not It was conducted. In England, for example, Bank positions were considered firm, and disputes, as Rule, were reduced to opposition of bank and monetary schools, and also to To discussion of shared problems of construction of system of the central bank. Possibly, The first attempt to organise a little regular discussion about Advantages of a free competition has been made by the first editor of magazine The Economist James Wilson (James Wison), throughout 1845-1847 Published in this magazine a series of articles on this subject. [Also left in ![]()
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