The Monetary Outlook
The Monetary Outlook
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In our eReader you can find the full English version of the book. Read The Monetary Outlook 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 The Monetary Outlook
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If resort be had to a measure to produce a large sum in a very short time, THE MONETARY OUTLOOK. 31 certain businesses would be deprived of capital and would have to restrict their operations. That would mean less revenue to the Govern- ment and a restriction of trade, which would tend to prevent prices of commodities from falling. The Government is a partner in industry and trade ; the larger the amount of capital employed, and the greater the activity of trade, the larger will be the Governme...nt's revenue with which to reduce debt and bring down prices. Therefore, the surest way to facilitate effective deflation is to develop the commodity side of it, which can only be done by restoring confidence, and eschewing any form of taxation which stifles enterprise and limits production. Given these conditions it would be found easy to deal with the floating debt in the course of two or three years. But a definite programme for dealing with the debt is an absolute necessary condition of economic reconstruction/' How it would be found easy to deal with the floating debt in two or three years the writer does not disclose, but we are concerned rather with the objections to the plans which have been put forward based on a capital levy designed to bring in a large sum not, as he suggests, in a " very short time/' but within two or three years.
What to read after The Monetary Outlook?
You can find similar books in the "Read Also" column, or choose other free books by Garton Foundation to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If resort be had to a measure to produce a large sum in a very short time, THE MONETARY OUTLOOK. 31 certain businesses would be deprived of capital and would have to restrict their operations. That would mean less revenue to the Govern- ment and a restriction of trade, which would tend to prevent prices of commodities from falling. The Government is a partner in industry and trade ; the larger the amount of capital employed, and the greater the activity of trade, the larger will be the Governme...nt's revenue with which to reduce debt and bring down prices. Therefore, the surest way to facilitate effective deflation is to develop the commodity side of it, which can only be done by restoring confidence, and eschewing any form of taxation which stifles enterprise and limits production. Given these conditions it would be found easy to deal with the floating debt in the course of two or three years. But a definite programme for dealing with the debt is an absolute necessary condition of economic reconstruction/' How it would be found easy to deal with the floating debt in two or three years the writer does not disclose, but we are concerned rather with the objections to the plans which have been put forward based on a capital levy designed to bring in a large sum not, as he suggests, in a " very short time/' but within two or three years.
What to read after The Monetary Outlook?
You can find similar books in the "Read Also" column, or choose other free books by Garton Foundation to read onlineMoreLess
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