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It is known that Lowe was forced to abandon this method duringhis French Scam and to ensure that pledged money tradingcompany. The failure of the enterprise in no way undermined the theory of moneyas collateral, which made this enterprise possible, but whichequally responsible for the possibility of any interpretation of the moneyeven opposite conceptions of law. And when in 1726set the stable metallic monetary system, a Deposit is requested at the very substance of money. Commodity pricemetal, which is represented by money, provides the abilitymoney to exchange. Turgot criticized Lowe for what he believed"money is only a sign of wealth, the credibility of whichbased on the seal of the Emperor. This seal serves here only forin order to certify the weight and fineness of money. Therefore, inthe quality of the goods the money is not familiar, but the General measure of othergoods... the Price of gold gives him uncommon and not a bad thing,it was used at the same time and as a product and asmeasure -- both of these use support it the price of"<$FT u r go. Seconde lettre a l abbe de Cice, 1749 (CEuvres, ed. Schelle,t. I< p. 146--147).>. Lowe, along with his supporters notconfronts his lifetime as a genius -- or careless --predecessor of paper money. Like his opponents, hedefines money as a pledge. However, he believes that they willbetter off (both more fully and more consistently)extraneous to the substance of the money commodity; itopponents, however, believe that they will be better secured(more reliable and less subject to speculation) metalrepresenting the material reality of money.The discrepancy Lowe with his critics concerns only the distance betweenthings given and what is taken on bail. In one casethe money freed themselves from all commodity-value,but provided external costs are those "throughwhat is" exchange of goods<$FL a w. Considerations sur lenumeraire, p. 472 et seq.>, in the other case money, carrying in themselvesitself price are that "by which", and that "for what"exchange of wealth. But in one and in another casemoney allows you to set the price of things thanks to a certainrelative proportion between the resources and a certain capacityto get them to turn.
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