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Currency and credit (1919)
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Indeed it would have been a mean-spirited course to go back on the century-old standard on account of so trifling a premium on gold, a premium which, as it turned out, the action of the market wiped out in a few months, before any of the provisions of the Act of 1819 had come into operation.
Ralph George Hawtrey
Quote of the day
I must have a prodigious quantity of mind; it takes me as much as a week sometimes to make it up.
Mark Twain
Ralph George Hawtrey
Born:
November 22, 1879
Died:
March 21, 1975
(aged 95)
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