Catechism of Political Economy Or Familiar Conversations On the Manner in Whic
Catechism of Political Economy Or Familiar Conversations On the Manner in Whic
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In our eReader you can find the full English version of the book. Read Catechism of Political Economy Or Familiar Conversations On the Manner in Whic 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 Catechism of Political Economy Or Familiar Conversations On the Manner in Whic
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To quickly assess the difficulty of the text, read a short excerpt:
To provide for extraordinary expenses which the ordinary revenues are not sufficient to discharge.
How do they pay the interest of the loans they con- tract ?
They pay it either by laying on a new tax, or by economising, from the ordinary expenses, a sum suf- ficient to pay the annual interest.
Loans, then, are a means of consuming a principal, of which the interest is paid by a portion of the taxes ?
Yes.
Who are the lenders ?
Individuals who have capitals at their' disposal.
Since government ...represents the society, aud society is composed of individuals, it is then the society which lends to itself?
ON PUBLIC LOANS. 81 Yes : it is a part of the individuals who lend to the whole of the individuals ; that is to say, to the society or to its government.
What effect is produced by public loans on the public riches? Do they augment or diminish them?
The loan in itself neither increases nor diminishes them : it is a value which passes from the hands of individuals to the hands of the government, a simple transfer.
What to read after Catechism of Political Economy Or Familiar Conversations On the Manner in Whic?
You can find similar books in the "Read Also" column, or choose other free books by Say, Jean Baptiste, 1767-1832 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
To provide for extraordinary expenses which the ordinary revenues are not sufficient to discharge.
How do they pay the interest of the loans they con- tract ?
They pay it either by laying on a new tax, or by economising, from the ordinary expenses, a sum suf- ficient to pay the annual interest.
Loans, then, are a means of consuming a principal, of which the interest is paid by a portion of the taxes ?
Yes.
Who are the lenders ?
Individuals who have capitals at their' disposal.
Since government ...represents the society, aud society is composed of individuals, it is then the society which lends to itself?
ON PUBLIC LOANS. 81 Yes : it is a part of the individuals who lend to the whole of the individuals ; that is to say, to the society or to its government.
What effect is produced by public loans on the public riches? Do they augment or diminish them?
The loan in itself neither increases nor diminishes them : it is a value which passes from the hands of individuals to the hands of the government, a simple transfer.
What to read after Catechism of Political Economy Or Familiar Conversations On the Manner in Whic?
You can find similar books in the "Read Also" column, or choose other free books by Say, Jean Baptiste, 1767-1832 to read onlineMoreLess
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