Sound Money (1895)

Sound Money is a book written by John Arthur Fraser Jr. in 1895. The book is a comprehensive analysis of the monetary system of the United States during the late 19th century. The author argues that the country's monetary system is in a state of crisis due to the government's intervention and manipulation of currency. He advocates for the adoption of a sound money policy, which would involve the use of precious metals as the basis for the country's currency. The book is divided into several chapters, each of which focuses on a specific aspect of the monetary system. The first chapter provides an overview of the history of money and the evolution of the monetary system in the United States. The second chapter discusses the role of the government in the monetary system and the problems associated with government intervention. In subsequent chapters, the author delves into the intricacies of the gold standard and the silver question. He argues that the gold standard is the only viable option for a sound monetary system and that the use of silver as currency would lead to inflation and economic instability. The final chapters of the book address the issue of banking and the need for reform in the banking sector. The author argues that the current banking system is flawed and that a sound money policy would require significant changes in the way banks operate. Overall, Sound Money is a comprehensive and detailed analysis of the monetary system of the United States in the late 19th century. The book provides valuable insights into the challenges associated with government intervention in the monetary system and the need for a sound money policy based on the gold standard.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.