Involuntary Idleness An Exposition of the Cause of the Discrepancy Existing Bet
Involuntary Idleness An Exposition of the Cause of the Discrepancy Existing Bet
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In our eReader you can find the full English version of the book. Read Involuntary Idleness An Exposition of the Cause of the Discrepancy Existing Bet 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 Involuntary Idleness An Exposition of the Cause of the Discrepancy Existing Bet
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Were it possible to separate by a sharp line the financial from the in- dustrial world, those who issue and those who loan money from those who pro- duce wealth, the flow of money between these two groups would present a very striking feature. The industrial group could obtain the medium of exchange requisite to carry on commerce in but two ways; by selling the products of their labor to the financial group, and by borrowing money from them. By the first measure the transfer of money from one t...o the other group is absolute, by the second it is conditional upon a return of the principal with the addition of in- terest. Loans, as a rule, imply a return INVOLUNTARY IDLENESS. 51 of a greater sum of money than ^yas loaned, and the only persistent source from which this excess can be drawn is obviously the first mentioned way of obtaining money. These receipts from sales are, however, not so much regulated by the productivity of the debtors as by the willingness of the creditors to buy that which the debtors ofier for sale.
What to read after Involuntary Idleness An Exposition of the Cause of the Discrepancy Existing Bet?
You can find similar books in the "Read Also" column, or choose other free books by Hugo Bilgram to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Were it possible to separate by a sharp line the financial from the in- dustrial world, those who issue and those who loan money from those who pro- duce wealth, the flow of money between these two groups would present a very striking feature. The industrial group could obtain the medium of exchange requisite to carry on commerce in but two ways; by selling the products of their labor to the financial group, and by borrowing money from them. By the first measure the transfer of money from one t...o the other group is absolute, by the second it is conditional upon a return of the principal with the addition of in- terest. Loans, as a rule, imply a return INVOLUNTARY IDLENESS. 51 of a greater sum of money than ^yas loaned, and the only persistent source from which this excess can be drawn is obviously the first mentioned way of obtaining money. These receipts from sales are, however, not so much regulated by the productivity of the debtors as by the willingness of the creditors to buy that which the debtors ofier for sale.
What to read after Involuntary Idleness An Exposition of the Cause of the Discrepancy Existing Bet?
You can find similar books in the "Read Also" column, or choose other free books by Hugo Bilgram to read onlineMoreLess
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