Read The Absurdity of the National Debt

The Absurdity of the National Debt

Hastings William Sackville Russell 12th Duke of Bedford

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Description:Why there should be no National Debt. The whole subject is examined from a historical perspective. When the Government require money they should not borrow it at interest from the banks but create it interest free themselves."If the question now be asked, "How can the Government obtain the money which it formerly got by borrowing at interest?" the answer is very simple. It can direct the banks to create it not in the form of interest-bearing debt, and it can use anti-inflation taxation to collect, from time to time just as much of that money as may be necessary to prevent an excess from remaining in circulation beyond the total of goods and services available to be bought with it.Money, it must never be forgotten, derives its value from the presence in the country of an adequate backing of goods and services. It does NOT derive any value from the fact that it was first created as interest-bearing debt, or, indeed, debt of any kind."We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Absurdity of the National Debt. To get started finding The Absurdity of the National Debt, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 12

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: 1947

ISBN: 1907861556

Description: Why there should be no National Debt. The whole subject is examined from a historical perspective. When the Government require money they should not borrow it at interest from the banks but create it interest free themselves."If the question now be asked, "How can the Government obtain the money which it formerly got by borrowing at interest?" the answer is very simple. It can direct the banks to create it not in the form of interest-bearing debt, and it can use anti-inflation taxation to collect, from time to time just as much of that money as may be necessary to prevent an excess from remaining in circulation beyond the total of goods and services available to be bought with it.Money, it must never be forgotten, derives its value from the presence in the country of an adequate backing of goods and services. It does NOT derive any value from the fact that it was first created as interest-bearing debt, or, indeed, debt of any kind."We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Absurdity of the National Debt. To get started finding The Absurdity of the National Debt, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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The Absurdity of the National Debt

The Absurdity of the National Debt

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