Outlines of Economics Rev Ed
Outlines of Economics Rev Ed
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In our eReader you can find the full English version of the book. Read Outlines of Economics Rev Ed 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 Outlines of Economics Rev Ed
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Cf. W. A. Scott, "Rates on the New York Money Market, " Journal oj Political Economy, Vol. XVI, pp. 273-298.
CREDIT AND BANKING 2 57 speculative, and it is unfortunate that the condition of the supply of credit for the normal commercial needs of the country should be periodically unsettled on account of this fact. In no other great money center of the world do call loans occupy the important place that they do in New York. 1 The Independent Treasury System. The United States govern- ment is to ...a very large extent its own banker. It keeps its own money in its own strong boxes, quite after the fashion of a mediaeval monarch. The strong boxes in this case are, however, the vaults of the treasury in Washington and of nine sub-treasuries located in important cities. Apart from the fact that the government revenue and the government expenditures are naturally not dis- tributed evenly throughout the year, the government has the further difficulty that a close balance of revenues and expenditures for any given year must be wholly accidental.
What to read after Outlines of Economics Rev Ed?
You can find similar books in the "Read Also" column, or choose other free books by Ely, Richard Theodore, 1854-1943 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Cf. W. A. Scott, "Rates on the New York Money Market, " Journal oj Political Economy, Vol. XVI, pp. 273-298.
CREDIT AND BANKING 2 57 speculative, and it is unfortunate that the condition of the supply of credit for the normal commercial needs of the country should be periodically unsettled on account of this fact. In no other great money center of the world do call loans occupy the important place that they do in New York. 1 The Independent Treasury System. The United States govern- ment is to ...a very large extent its own banker. It keeps its own money in its own strong boxes, quite after the fashion of a mediaeval monarch. The strong boxes in this case are, however, the vaults of the treasury in Washington and of nine sub-treasuries located in important cities. Apart from the fact that the government revenue and the government expenditures are naturally not dis- tributed evenly throughout the year, the government has the further difficulty that a close balance of revenues and expenditures for any given year must be wholly accidental.
What to read after Outlines of Economics Rev Ed?
You can find similar books in the "Read Also" column, or choose other free books by Ely, Richard Theodore, 1854-1943 to read onlineMoreLess
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