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Focusing on the challenges of varying currencies among trading nations, the book explores the potential for a universal currency to prevent dishonest exchanges. Walter Bagehot, as an editor of The Economist, articulates a compelling intellectual case for international coinage, detailing the problems it could resolve. He also candidly addresses the limitations and practical implications of implementing such a system, offering a thought-provoking perspective on monetary standardization.
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A Practical Plan for Assimilating the English and American Money, as a Step Towards a Universal Money, Walter Bagehot
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- Pubblicato
- 2012
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