Böcker av Robert McNair Wilson

The difficulty which all the medieval Kings experienced in greater or less degree was the establishing of themselves in the People's love. The King needed the People as much as the People needed the King, but it was ever the object of interested parties to hold them asunder. And so was witnessed a perpetual struggle between, on the one hand, King and Church, anxious alike to hold their servants and ministers in subjection to duty, and, on the other hand, unruly servants and ministers, barons and prelates, seeking means of sustaining themselves in revolt against both spiritual and temporal authority, and so very often becoming allied to the financial powers.Money from an early time showed itself the enemy of Kingship, in which it recognized the bulwark against its operations. Money became concerned, like the rebellious nobles and prelates who were often its tools, to hold the King and his People apart and make them both dependent upon its own power. It was from this danger that Richelieu delivered France at the moment when, in England, a triumphant oligarchy based upon the City of London was hurrying King Charles I to the scaffold.

In the civilised world there are enough raw materials, machinery, labour and scientific knowledge to satisfy the needs of all the inhabitants.Poverty and hunger exist because people have not enough money to buy all the output of modern civilisation at a fair price to the producers.When there is a shortage of anything the most obvious remedy is to create some more and there is no real difficulty in creating more money. PROMISE TO PAY shows how this should be done when money is backed by goods and services.The creation of money should be in the hands of the State or Head of Government and not in the hands of private banking. The state would issue sufficient money to enable the buying power to keep pace with production.Paper money issued by banks is not real money but "Promise to Pay" money and the amount in circulation bears little relation to the amount of goods and services available.When there is less money than goods, people go short of food and clothes. When there is more money than goods prices rise and people pay more and more for less and less.