A New Monetary System: the Only Means of Securing the Respective Rights of Labor And Property, And of Protecting the Public From Financial Revulsions
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In our eReader you can find the full English version of the book. Read A New Monetary System: the Only Means of Securing the Respective Rights of Labor And Property, And of Protecting the Public From Financial Revulsions Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A New Monetary System: the Only Means of Securing the Respective Rights of Labor And Property, And of Protecting the Public From Financial Revulsions
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To quickly assess the difficulty of the text, read a short excerpt:
In consequence of our higher rates of interest the property of the United States is accumulating in the hands of a few men much more rapidly than in the older countries. This accumulation will continue until the rates of interest are reduced below the rates obtained in the older countries.
The fluctuations of the rates of interest, in all countries, render it difficult to offer any very clear illustrations of their bearing upon labor, except upon general principles.
In England, the rates of int...erest vaiy according to the necessity of the borrower, from one, two, or three per cent, per annum, to four, five, six, seven, eight, nine, ten, eleven, and twelve per cent. ; and similar variations of interest, though at much higher rates, occur in our own large cities, and to a considerable extent in our towns and villages. But let twelve nations fix twelve different rates of interest, maintaining the rates uniform, the first at one per cent., the second at two per cent., and so on to twelve per cent., and the concentration of wealth in few hands, in the different nations, would increase in nearly the same ratio with the rates of interest.
What to read after A New Monetary System: the Only Means of Securing the Respective Rights of Labor And Property, And of Protecting the Public From Financial Revulsions?
You can find similar books in the "Read Also" column, or choose other free books by Edward Kellogg to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In consequence of our higher rates of interest the property of the United States is accumulating in the hands of a few men much more rapidly than in the older countries. This accumulation will continue until the rates of interest are reduced below the rates obtained in the older countries.
The fluctuations of the rates of interest, in all countries, render it difficult to offer any very clear illustrations of their bearing upon labor, except upon general principles.
In England, the rates of int...erest vaiy according to the necessity of the borrower, from one, two, or three per cent, per annum, to four, five, six, seven, eight, nine, ten, eleven, and twelve per cent. ; and similar variations of interest, though at much higher rates, occur in our own large cities, and to a considerable extent in our towns and villages. But let twelve nations fix twelve different rates of interest, maintaining the rates uniform, the first at one per cent., the second at two per cent., and so on to twelve per cent., and the concentration of wealth in few hands, in the different nations, would increase in nearly the same ratio with the rates of interest.
What to read after A New Monetary System: the Only Means of Securing the Respective Rights of Labor And Property, And of Protecting the Public From Financial Revulsions?
You can find similar books in the "Read Also" column, or choose other free books by Edward Kellogg to read onlineMoreLess
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