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Warburg, "The Discount System in Europe" (US Monetary Commission); cm. . . In such circumstances, the stability of the general level of prices in this currency can be reached only declining number of other prices. Since approximately 30 of the last century, depository banking has become more important than issuing activity in the sphere of banking business, the dispute regarding the latter gradually came to be declining, although not completely lost its relevance, because of the close connection of both areas. Now we need the international movement for free money ", which is similar to the movement of the XIX century of free trade and opens your eyes not only on the acute injury of inflation, which can be avoided by using existing institutions, but also on a more profound impact - a period of stagnation, which congenital defects are indeed present monetary system. . The system of banks that do not have offices in their second practicehome mortgage loan payment calculator of the deposit, have demonstrated their ability to spread panic - and a mood created by the conduct of local banks, as well as those that occurred in urban areas. . 71 - 79]. . Temporary or local deflation in the early Middle Ages . Finally, in 1812 the Government announced their universal legal tender. What needs to be achieved - this is defined as the amount of money - one in which prices will remain constant. ), There have been significant in its scope, partial or complete suspension of cash payments, and paper money valued higher obligations on bank accounts. But I think it is no exaggeration to believe that human history is largely the history of inflation, and inflation by the government and for the benefit of governments, although the discovery of new sources of gold and silver in the XVI century, has a similar effect. Senior bankers in these countries is likely to be unable even to imagine how the new system will operate and, therefore, almost unanimously rejected it. 28), but he is trying to make it more tolerable in the short term, but I believe any such enterprise is extremely dangerous.