Principles of Political Economy with Applications to Social Philosophy (1848) - Page 11


§ 1.	Objections to a double standard	31
2.	The use of the two metals as money, how obtained without making both of them legal tender	33


§ 1.	Credit is not a creation, but a transfer of the means of production.	35
2.	In what manner it assists production	36
3.	The function of credit in economizing the use of money	39
4.	Bills of exchange	40
5.	Promissory notes	46
6.	Deposits and checks	47


§ 1.	The influence of bank notes, bills, and checks on prices, as a part of the influence of credit	49
2.	Credit as a purchasing power similar to money	51
3.	Effects of great expansions and contractions of credit. Analysis of the phenomena of a commercial crisis	53
4.	Bills as a more powerful instrument for affecting prices than book credits, and bank notes more so than bills	58
5.	The distinction of little practical importance	61
6.	Checks as an instrument for affecting prices, equal in power to bank notes	67
7.	No generic distinction between bank notes and other forms of credit	70


§ 1.	The value of inconvertible paper, depending on its quantity, is a matter of arbitrary regulation	73
2.	If regulated by the price of bullion, an inconvertible currency might be safe, but not expedient	76
3.	Examination of the doctrine that an inconvertible currency is safe if it represents actual property	79
4.	Examination of the doctrine that an increase of the currency promotes industry	82
5.	Depreciation of currency as a tax on the community and a fraud on creditors	84
6.	Examination of some pleas for committing this fraud	86