An Inquiry Into the Laws Which Regulate the Circulation And Distribution of Wealth
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In our eReader you can find the full English version of the book. Read An Inquiry Into the Laws Which Regulate the Circulation And Distribution of Wealth 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 An Inquiry Into the Laws Which Regulate the Circulation And Distribution of Wealth
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To quickly assess the difficulty of the text, read a short excerpt:
The general consumption superinduced would cause a corresponding demand upon foreign products exactly the same as if the labor was employed, to enrich a mil- lion oi investors instead of a few thu)usands.
Whenever the balance of trade required the curtail- ment of discount the collapse of business would drive the numerous depositors to withdi-aw their savings from the banks, which would be unable to meet their de- 83 mands until the sums they had loaned could be returned.
This, it is obvious, c...ould not be accomplished for some time. The capitalists would also find their stocks de- preciated with the decline of business and to sell would be ruin. Both the borrowers and the banks would collapse, and the same ruinous consequences would result, with the difference, that the stocks^ huildings^ mcmufaG- tories^ and machinery in which the savings of the inves- tors had in the first case been absorbed, would, upon the improvement of business, ultimately regain much of their value, whereas the failure of the banks seldom afford to their depositors, after legal expenses are deducted, a per-centage worth consideration.
What to read after An Inquiry Into the Laws Which Regulate the Circulation And Distribution of Wealth?
You can find similar books in the "Read Also" column, or choose other free books by Manson, John to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The general consumption superinduced would cause a corresponding demand upon foreign products exactly the same as if the labor was employed, to enrich a mil- lion oi investors instead of a few thu)usands.
Whenever the balance of trade required the curtail- ment of discount the collapse of business would drive the numerous depositors to withdi-aw their savings from the banks, which would be unable to meet their de- 83 mands until the sums they had loaned could be returned.
This, it is obvious, c...ould not be accomplished for some time. The capitalists would also find their stocks de- preciated with the decline of business and to sell would be ruin. Both the borrowers and the banks would collapse, and the same ruinous consequences would result, with the difference, that the stocks^ huildings^ mcmufaG- tories^ and machinery in which the savings of the inves- tors had in the first case been absorbed, would, upon the improvement of business, ultimately regain much of their value, whereas the failure of the banks seldom afford to their depositors, after legal expenses are deducted, a per-centage worth consideration.
What to read after An Inquiry Into the Laws Which Regulate the Circulation And Distribution of Wealth?
You can find similar books in the "Read Also" column, or choose other free books by Manson, John to read onlineMoreLess
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