Word: taussigs
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Dates: during 1890-1899
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...Econ., vol. 1, p. 414. (b) Inelastic. (1) No provision for expansion in financial crises. (2) No provision for small centres. C. F. Dunbar, Quart. Jour. Econ., 1892, p. 63. (c) Dangerous. (1) The proportion of gold to certificates, greenbacks, and treasury notes is too small, and growing smaller. Taussig, Silver Situation, p. 54. (2) Further in-crease of government issues would make matters worse...
...TAUSSIG...
...alternatives are impracticable. (a) The single silver standard is admittedly bad. (b) The multiple standard is difficult of attainment. Taussig, Silver Situation, p. 125. (c) Under national bimetallism the nation cannot be maintained. Laughlin, Hist. of Bimetallism, pp. 5-9. (d) International bimetallism is bad, because (1) Agreement cannot be reached. (2) If made, the agreement could not be maintained. R. Giffen, Pol. Sci. Qu., Sept. '93, p. 412. (3) If made and maintained, prices would rise, and injustice would be done to creditors...
Blanchard, right end, Taussig. Daily...
...lower prices (Walker, 268-269). Lower prices (1) will depress industry: (International Monetary Conference 1892, pp. 240-245). (2) Will harm farmers (Taussig, Silver Situation, 112-115). (3) Will harm debtors (MacVane, Pol. Econ. p. 123). (4) Scarcity of money causes dangerous extension of credit. (b) It is a fluctuating standard. (1) Gold appreciates. (Walker, p. 254). (2) Prices of commodities have fallen as much as silver. (Silver Situation...