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Bank business. Practice shows, he said that than it is less The restrictions imposed on activity of banks, that less often they appear Insolvent it. I, in the same place, with. 32. The state never distributes Privileges on a gratuitous basis. If banks wish to reserve
The privileges granted to it, they should carry out whims of the government. "For
The banks having the exclusive privilege, - wrote Hjubner, -
Insolvency, as a rule, is the most correct prediction
The businessman. "Hjubner thus meant first of all Austrian
National Bank. That for what would not manage to give out to the government on credit
So large sums of money, do not declare it itself thus the bankrupt. And without
Grantings of these credits its profit would appear much less it.
I, with. 32, in the same place. It opposed exclusive banks, legislatively
Relieved from responsibility for the errors (in case of bankruptcy
The government did in the compulsory image its banknotes by lawful means
References), and free bank system in which banks would be compelled
To be responsible for results of own steps. Moreover, even the fact of support
The state of exclusive bank gave at the disposal of the last nothing
The deserved trust.
- at all did not use for the conclusions in favour of freedom theoretical
Calculations of bank school. On the contrary - it was the first of rather popular in
Germany groups of the researchers considering that scales of bank issue not
Can exceed a gold available available for its maintenance it. I, in the same place,
With. 73. Banks, thus, should not lend more than that
They received. From this followed that Hjubner did not concern and that part
Supporters of freedom who saw in it means for rate fall
Percent. If growth of scales of the reference was accompanied by rate decrease
Percent, it, according to Hjubnera, served as the certificate of the unhealthy phenomena,
Generated by this growth in the same place, it. I, with. 73. If it was possible to trust
To the state in that monetary issue will not exceed gold reserves,
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