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Page 299
Suppose that Government borrows a million , to be applied to the redemption of the public debt , and imposes taxes for the interest , which is payable every half year . The payment of the million to the public creditor produces two ...
Suppose that Government borrows a million , to be applied to the redemption of the public debt , and imposes taxes for the interest , which is payable every half year . The payment of the million to the public creditor produces two ...
Page 304
Here the important fact , already mentioned , seems to have been overlooked ; namely , that it is not only unprofitable but pernicious to pay the public debt with borrowed money . Let us attend to the consequences .
Here the important fact , already mentioned , seems to have been overlooked ; namely , that it is not only unprofitable but pernicious to pay the public debt with borrowed money . Let us attend to the consequences .
Page 310
From the inefficiency of the sinking fund in war , it is also evident , that the amount of the debt discharged in war , how- ever great it may be , or whatever proportion it may bear to the whole mass of existing debt , is in itself of ...
From the inefficiency of the sinking fund in war , it is also evident , that the amount of the debt discharged in war , how- ever great it may be , or whatever proportion it may bear to the whole mass of existing debt , is in itself of ...
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Contents
The Excursion being a portion of the Recluse | 1 |
On the Light of the Cassegrainian Telescope com | 31 |
being a Critical Account | 552 |
1 other sections not shown
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