The High Price of Bullion: A Proof of the Depreciation of Bank Notes (1810) - Hardcover

by David Ricardo (Author)

The High Price Of Bullion: A Proof Of The Depreciation Of Bank Notes is a book written by David Ricardo in 1810. The book is a detailed analysis of the British monetary system during the early 19th century. Ricardo argues that the high price of bullion, or precious metals like gold and silver, is a result of the depreciation of bank notes. He explains that the Bank of England, which was responsible for issuing bank notes at the time, had been printing too many notes without enough gold and silver to back them up. This caused inflation and a decrease in the value of the currency, leading to a rise in the price of bullion. The book is considered a classic in the field of economics and is still studied today for its insights into monetary policy and the relationship between currency and precious metals.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.