Periodical Business Crises
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In our eReader you can find the full English version of the book. Read Periodical Business Crises 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 Periodical Business Crises
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To quickly assess the difficulty of the text, read a short excerpt:
Dr. Smith describes such capitalist as a '■'■person 7oJio Jias a capital from which he 7vishes to derive a revenue 7vithoitt takini:; the trouble to employ it himself." [" Wealth of Nations," c. 4, closing para- graph.] In other words, one who wishes to obtain the services of others without rendering any service himself in return. By the time these crises occiu", this purpose has become a mania — to derive an income from labor without even giving it employ- ment.
It will be found that these cri...ses have occurred since the for- mation of our goverment (and Mr. Horace White says, for the last two hundred and fiftv years), at quite regular intervals of Periodical Business Crises, 7 about ten years, which neither protective legislation, free trade acts, change of financial systems, nor even very destructive foreign or civil wars have been able greatly to vary. Now, this period is about the same as that in which a debt at seven per cent, per annum, compound interest, becomes doubled. That is to say, that if the whole capital of the nation is loaned at seven per cent., and the interest compounded, in a little more than ten years the entire capita) of the country will be required to pay its own interest.
What to read after Periodical Business Crises?
You can find similar books in the "Read Also" column, or choose other free books by Joshua King Ingalls to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Dr. Smith describes such capitalist as a '■'■person 7oJio Jias a capital from which he 7vishes to derive a revenue 7vithoitt takini:; the trouble to employ it himself." [" Wealth of Nations," c. 4, closing para- graph.] In other words, one who wishes to obtain the services of others without rendering any service himself in return. By the time these crises occiu", this purpose has become a mania — to derive an income from labor without even giving it employ- ment.
It will be found that these cri...ses have occurred since the for- mation of our goverment (and Mr. Horace White says, for the last two hundred and fiftv years), at quite regular intervals of Periodical Business Crises, 7 about ten years, which neither protective legislation, free trade acts, change of financial systems, nor even very destructive foreign or civil wars have been able greatly to vary. Now, this period is about the same as that in which a debt at seven per cent, per annum, compound interest, becomes doubled. That is to say, that if the whole capital of the nation is loaned at seven per cent., and the interest compounded, in a little more than ten years the entire capita) of the country will be required to pay its own interest.
What to read after Periodical Business Crises?
You can find similar books in the "Read Also" column, or choose other free books by Joshua King Ingalls to read onlineMoreLess
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