The High Price of Bullion a Proof of the Depreciation of Bank Notes

The High Price of Bullion a Proof of the Depreciation of Bank Notes by David Ricardo delves into the historical context of banknotes' depreciation and its impact on the value of precious metals. The book explores the consequences of excess currency the necessity of exporting specie and the role of the Bank in regulating currency value. Through detailed analysis Ricardo highlights the challenges of maintaining a stable currency system and advocates for a gradual decrease in circulating notes to restore equitable value.