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7 de Junio de 2010

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Todo un hombre de Estado
Bitácora de Juan Ramón Rallo Julián

Cita económica del 7-VI-2010

Bills drawn against wool, cotton, hide and other raw materials of the principal industries which are turned into articles of universal consumption are, for practical purposes, equally good; for the goods behind the bill, being certain of a market, and likely if anything to rise in value in time of war or political scare, secure the acceptor against the chance of being “locked up”, as it is called with an asset which he cannot realize. It is this quality, inherent in a genuine bill, which gave rise to the saying that banking is the easiest possible business to conduct once the banker has grasped the difference between a bill of exchange and a mortgage.

Hartley Withers, The meaning of money, 1932 (primera edición 1909), p. 43


Comentarios

 
Nunca escuche de Hartley pero se nota que tiene nivel. Seguramente dio en el clavo.



Enviado por el día 7 de Junio de 2010 a las 15:28 (1)
Interesante su 1) punto sobre los bills of exchange y 2) el final sobre la relacion con el mortgage. Ojala veamos que mas dice al respecto.
Enviado por el día 7 de Junio de 2010 a las 20:16 (2)

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