Labor And Capital a New Monetary System the Only Means of Securing the Respe
Labor And Capital a New Monetary System the Only Means of Securing the Respe
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In our eReader you can find the full English version of the book. Read Labor And Capital a New Monetary System the Only Means of Securing the Respe 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 Labor And Capital a New Monetary System the Only Means of Securing the Respe
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If the scarcity of money and the high rates of intei^st continue, the manufacturers too must break ; for to pay the same amount of debt, they must sell twenty-five or fifty per cent, more of their goods than when interest was at the lower rate.
Although the rates of interest in all old countries are much lower than in newer countries, yet they are suffi- ciently high continually to centralize the wealth, and to 'ncrease more and more the number of the poor. In all 188 LOW PRICES OF LABOR IN EUR...OPE the old countries the established rates of interest are high enough to concentrate the wealth in a few hands, even in a new country ; not, however, so rapidly as the higher rates of interest which are usually paid in newer coun- tries. In consequence of our higher rates of interest the property of the United States is accumulating in the hands of a few men much more rapidly than in the older countries. This accumulation will continue until the rates of interest are reduced below the rates obtained in the older countries.
What to read after Labor And Capital a New Monetary System the Only Means of Securing the Respe?
You can find similar books in the "Read Also" column, or choose other free books by Edward Kellogg to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If the scarcity of money and the high rates of intei^st continue, the manufacturers too must break ; for to pay the same amount of debt, they must sell twenty-five or fifty per cent, more of their goods than when interest was at the lower rate.
Although the rates of interest in all old countries are much lower than in newer countries, yet they are suffi- ciently high continually to centralize the wealth, and to 'ncrease more and more the number of the poor. In all 188 LOW PRICES OF LABOR IN EUR...OPE the old countries the established rates of interest are high enough to concentrate the wealth in a few hands, even in a new country ; not, however, so rapidly as the higher rates of interest which are usually paid in newer coun- tries. In consequence of our higher rates of interest the property of the United States is accumulating in the hands of a few men much more rapidly than in the older countries. This accumulation will continue until the rates of interest are reduced below the rates obtained in the older countries.
What to read after Labor And Capital a New Monetary System the Only Means of Securing the Respe?
You can find similar books in the "Read Also" column, or choose other free books by Edward Kellogg to read onlineMoreLess
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