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right to take the whole of the property and the whole of the labour of
its citizens
It is a commonplace of political theory that the Government has a
right to take the whole of the property and the whole of the labour of
its citizens. But it would not, of course, have been possible for the
Government immediately to […]

INTERNATIONAL CURRENCY
An Inopportune Proposal–What is Currency?–The Primitive System of
Barter–The Advantages possessed by the Precious Metals–Gold as a
Standard of Value–Its Failure to remain Constant–Currency and
Prices–The Complication of other Instruments of Credit–No Substitute
for Gold in Sight–Its Acceptability not shaken by the War–A
Fluctuating Standard not wholly Disadvantageous–An International
Currency fatal to the Task of Reconstruction–Stability and Certainty
the Great Needs