Current Issues
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In our eReader you can find the full English version of the book. Read Current Issues 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 Current Issues
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" By the judicious exercise of this discretion the price of government bonds can be kept normal, or reduced as occasion may require to a point that will stimulate national- bank circulation. These deposits can then be called * See editor's note, page 358.
356 CURRENT ISSUES at seasons of the year when money is plentiful, lest its cheapness encourage unwise speculation.
During periods when expenditures exceed re- ceipts, it is not so easy for the Treasury Department to anticipate conditions and ...effect an elasticity. The Treasury must be in a deplorable condition, however, when ten, twenty, or possibly thirty millions cannot be spared for a month or more in times of acute stringency.
No one would criticise the depletion of the Gov- ernment's bunkers to the limit of safety to relieve an acute coal famine, and, admittedly, the loss of public credit, if long continued, causes inevitably the loss of employment, and the loss of employment entails not only coal famines but food famines as well.
What to read after Current Issues?
You can find similar books in the "Read Also" column, or choose other free books by Leslie Mortier Shaw to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
" By the judicious exercise of this discretion the price of government bonds can be kept normal, or reduced as occasion may require to a point that will stimulate national- bank circulation. These deposits can then be called * See editor's note, page 358.
356 CURRENT ISSUES at seasons of the year when money is plentiful, lest its cheapness encourage unwise speculation.
During periods when expenditures exceed re- ceipts, it is not so easy for the Treasury Department to anticipate conditions and ...effect an elasticity. The Treasury must be in a deplorable condition, however, when ten, twenty, or possibly thirty millions cannot be spared for a month or more in times of acute stringency.
No one would criticise the depletion of the Gov- ernment's bunkers to the limit of safety to relieve an acute coal famine, and, admittedly, the loss of public credit, if long continued, causes inevitably the loss of employment, and the loss of employment entails not only coal famines but food famines as well.
What to read after Current Issues?
You can find similar books in the "Read Also" column, or choose other free books by Leslie Mortier Shaw to read onlineMoreLess
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