Interference With Foreign Trade a Supplementary Chapter to Elements of Politi
Interference With Foreign Trade a Supplementary Chapter to Elements of Politi
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139, 145). There was no drain of gold and silver; we received, 15, 000, 000 more than we sent away. The private trader usually counts it more blessed to receive than to give, whether it be gold or goods. We may be sure that our foreign customers will see to it that against every purchase there is a sale. If our sales ever fall off, it is no remedy to obstruct our purchases, for he who purchases from us must in one form or another receive our goods in pay- ment. Every private trader knows this ;... but it seems to be the aim of some Governments to make their merchants sell without buying. In the case, not of a whole group of countries but of two par- ticular countries, it may sometimes appear that this idea has been carried out ; one may export THE FUNCTION OF GOLD xxxv to another a great deal more than it receives from that other. But in such cases there is a round- about trade ; there is a third country which is debtor to the one receiving the exports, and be- comes the means of paying for them with her own exports, to the settlement of the debt.
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You can find similar books in the "Read Also" column, or choose other free books by Bonar, James, 1852-1941 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
139, 145). There was no drain of gold and silver; we received, 15, 000, 000 more than we sent away. The private trader usually counts it more blessed to receive than to give, whether it be gold or goods. We may be sure that our foreign customers will see to it that against every purchase there is a sale. If our sales ever fall off, it is no remedy to obstruct our purchases, for he who purchases from us must in one form or another receive our goods in pay- ment. Every private trader knows this ;... but it seems to be the aim of some Governments to make their merchants sell without buying. In the case, not of a whole group of countries but of two par- ticular countries, it may sometimes appear that this idea has been carried out ; one may export THE FUNCTION OF GOLD xxxv to another a great deal more than it receives from that other. But in such cases there is a round- about trade ; there is a third country which is debtor to the one receiving the exports, and be- comes the means of paying for them with her own exports, to the settlement of the debt.
What to read after Interference With Foreign Trade a Supplementary Chapter to Elements of Politi?
You can find similar books in the "Read Also" column, or choose other free books by Bonar, James, 1852-1941 to read onlineMoreLess
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