The Legal Tender Problem (1904)

The Legal Tender Problem is a book written by Percy Kinnaird and published in 1904. The book explores the issue of legal tender, which is the form of payment that a debtor is legally obligated to accept in settlement of a debt. Kinnaird examines the history of legal tender laws and their impact on the economy, as well as the controversies surrounding the use of paper money and the gold standard. He argues that legal tender laws have the potential to cause economic instability and that the use of paper money is inherently risky. Kinnaird also discusses the role of the government in regulating the monetary system and proposes alternative solutions to the legal tender problem. The book is a valuable resource for anyone interested in the history of monetary policy and the debates surrounding the use of different forms of currency.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.