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. Need low-credits and the national economy as a whole. . What would be competing suppliers that have established themselves around the same reputation and credible ability to maintain the stability of their currencies? Profits from emission Business (equivalent to a zero-interest loans) are very large and it is unlikely that very many companies will be able to succeed in it. No government, even with the best intentions will not be able to resist this pressure, if not able to refer to a firm barrier that it can not overcome. - Improve the situation in the industry - capacity utilization rose above the key level of 80, while supporting the growth of industrial production; . With regard to the proposal of Professor Friedman on the legislation establishing the emission limits above which the issuer of monopoly will not be allowed to increase the amount of money in circulation, I can only say that it does not wish to be seen what will happen if the conditions of such a standard when or be aware that the amount of money in circulation is close to the upper limit set by law and therefore an increased need for liquidity can not be satisfied. 172. Only after the bankers, as a result of bank notes, was able to win the confidence of the public, people began to leave on deposit in banks of large sums of money by providing only an accounting entry. . Issue of certificates without equalization reserves proved disastrous fortexas home equity mortgage the individual banks. Notes are not secured by a standard amount of precious metal, seemed to be quite simply useless. . introduce bimetallism (making the dollar and gold and silver). " . 160: "I am sad firmament, that the natural system of banking is a system of many banks that maintain their own reserves, the penalty for which in the case of neglect of this duty will be collapsed. LONG-TERM PROSPECTS . There will always be issuers (one or more) that are deemed beneficial to regulate the proposal of its currency in such a way as to maintain constant its value, according to the total price of a set of commonly used goods.