The Mystery Of Banking

by Murray N. Rothbard

  specie flow price mechanism

  (Hume–Ricardo), 120–22

  implications of, 122

  Sprague, Charles E., 76n

  state banks. See banking

  statistics, origin of term, 285

  Strong, Benjamin, 241–42, 245

  Suffolk System, 217–18

  supply and demand

  determinants of prices, 15–41

  equilibration of, 20–21, 23, 24, 25, 26

  supply of goods and services, element of demand for money, 59–60

  supply, changes in, 22–24, 26–27

  surpluses, 18–20

  of money, 33

  suspension of specie payment

  in Britain, 180, 272–75

  in the United States, 197–98, 205, 211, 219

  T

  T–account. See balance sheet

  taxation

  inflation as, 53

  political feasibility of, 178

  Temin, Peter, 213n

  thalers, 9

  time deposits, 238–41, 255

  Tooke, Thomas, 124

  Treasury, central banking and, 170–76

  Trotter, Archibald, 274–75

  trust. See confidence

  U

  underconsumptionists, 286

  United States, central banking in, 191–246

  V

  Van Buren, Martin, 214

  Volcker, Paul, xv

  W

  War of 1812, 196–97

  Ward, Artemas, Jr., 200

  Webster, Daniel, 199–200

  Wells, William H., 199

  Westminster Review, 283n

  White, Lawrence H., 183, 190n, 269–91

  Wilson, James, 289n

  World War I, 243–44