Items related to Currency Inflation and Public Debts: An Historical...
Excerpt from Currency Inflation and Public Debts: An Historical Sketch
The first problem is intimately connected with the growth Of public indebtedness. The utilization of pub lic credit is essentially a modern phenomenon. Public debts do not go back more than a century or two, and it is only in very recent times that they figure largely in economic life. Public credit has been utilized in ia creasing measure not only because modern business life lays continually more stress on credit, but also because under the dynamic conditions Of a rapidly augmenting national wealth the weight Of a given public debt tends gradually to diminish. Public credit is not only a natural, but within bounds a salutary, phenomenon. Public debts are in reality nothing but anticipated taxes, and if the distribution Of the holdings of the debt were exactly equal to the distribution of the weight Of taxa tion, public debts would constitute no burden on the community: for every dollar paid by the individual in taxes would be compensated by the dollar received by him in interest.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The first problem is intimately connected with the growth Of public indebtedness. The utilization of pub lic credit is essentially a modern phenomenon. Public debts do not go back more than a century or two, and it is only in very recent times that they figure largely in economic life. Public credit has been utilized in ia creasing measure not only because modern business life lays continually more stress on credit, but also because under the dynamic conditions Of a rapidly augmenting national wealth the weight Of a given public debt tends gradually to diminish. Public credit is not only a natural, but within bounds a salutary, phenomenon. Public debts are in reality nothing but anticipated taxes, and if the distribution Of the holdings of the debt were exactly equal to the distribution of the weight Of taxa tion, public debts would constitute no burden on the community: for every dollar paid by the individual in taxes would be compensated by the dollar received by him in interest.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
"synopsis" may belong to another edition of this title.
- PublisherForgotten Books
- Publication date2019
- ISBN 10 1330742532
- ISBN 13 9781330742532
- BindingPaperback
- Number of pages98
Buy New
Learn more about this copy
US$ 15.51
Shipping:
US$ 5.15
From United Kingdom to U.S.A.
Other Popular Editions of the Same Title
Top Search Results from the AbeBooks Marketplace
Currency Inflation and Public Debts: An Historical Sketch (Classic Reprint)
Published by
Forgotten Books
(2019)
ISBN 10: 1330742532
ISBN 13: 9781330742532
New
Paperback
Quantity: > 20
Seller:
Rating
Book Description Paperback. Condition: New. Print on Demand. Excerpt from Currency Inflation and Public Debts. About the Publisher, Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781330742532_0
Buy New
US$ 15.51
Convert currency
Stock Image
Currency Inflation and Public Debts An Historical Sketch Classic Reprint
Seller:
Rating
Book Description PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330742532
Buy New
US$ 21.60
Convert currency
Stock Image
Currency Inflation and Public Debts An Historical Sketch Classic Reprint
Seller:
Rating
Book Description PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330742532
Buy New
US$ 21.69
Convert currency