The High Price Of Bullion

The High Price Of Bullion: A Proof Of The Depreciation Of Bank Notes is a book written by David Ricardo in 1810. It is a detailed analysis of the British monetary system during the early 19th century, particularly the relationship between the value of gold and banknotes. Ricardo argues that the high price of bullion (gold and silver) is a result of the depreciation of banknotes, which in turn is caused by the excessive issuance of paper money by the Bank of England. He contends that the Bank of England's monopoly on issuing banknotes has led to an inflationary spiral, which has resulted in a decline in the value of the currency. Ricardo's analysis is based on the principles of classical economics and his argument is supported by a wealth of statistical data. The book was a significant contribution to the understanding of monetary policy and its effects on the economy, and it remains an important work in the field of economics.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.