Robinson Crusoe's Money;: or, The Remarkable Financial Fortunes and Misfortunes of a Remote Island CommunityWells, David Ames
General
Robinson Crusoe's Money;: or, The Remarkable Financial Fortunes and Misfortunes of a Remote Island Community
Wells, David Ames
Currency question -- United States; Money
In this way the times gradually "got out of joint." Gradually
the people on the island came to realize that much which they had
considered as wealth was not wealth, and that many influences, before
little regarded, were powerfully acting to make and keep them poor. All
were satisfied that the currency which they were using was one prime
cause of their difficulties, but in precisely what manner the currency
exerted an influence few agreed. All were of one mind, that they ought
to talk about it continually; and they accordingly did so, those who
knew the least talking the most. Some thought that the honest thing
to do, and because honest the best, was for the Government of the
island to redeem its promises to pay on demand as rapidly as possible;
that where they had borrowed a canoe of one man, cloth of another,
spears of a third, or money of a fourth, they should return them,
and not keep promising and never doing. But even these did not agree
as to the manner of thus paying. Some thought it was best to return
the canoes, the iron, the cloth, and the money from day to day as the
Government gradually acquired them. Others thought that a better way
would be to accumulate each separate thing in a separate warehouse,
and then when the warehouses had, after some years, become full,
open the doors, and return every man what had been borrowed of him
all at once. But, as before pointed out, the Government never had,
or could have, any canoes, cloth, iron, or money, except such as
it obtained from the people; and, therefore, payment on the part of
the Government was really the same thing as payment on the part of
the people. But payment of debts is something to which many people
are constitutionally opposed; and this scheme accordingly found
many opponents, who alleged that, if it were carried out, it would
deprive them of money, and consequently of instrumentalities for
making their exchanges; while the real trouble with many of this
class of people was, that they hadn't any thing useful, the products
of their own industry, to exchange, and therefore could get no money,
unless they went to work, or, what was preferable, acquired it from
somebody without consideration.
Public-domain text, read in full here on John Shaqi.
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