CH. 2

BANK-MONEY

33

caused by treating this as typical and the use of otherkinds of currency as secondary, than by treating State-Money as typical and bringing in Bank-Money as asubsequent complication. The latter practice, whichhas outstayed the facts, leads to insufficient emphasisbeing placed on some of the most typical featuresof modern money, and to its essential characteristicsbeing treated as anomalous or exceptional.

VOL. I

D