The book Sir Dudley North On Discourses Upon Trade, 1691 was written by author North, Dudley, Sir, 1641-1691 Here you can read free online of Sir Dudley North On Discourses Upon Trade, 1691 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Sir Dudley North On Discourses Upon Trade, 1691 a good or bad book?
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Thus when all things are considered, it will be found best for the. Nation to leave the Borrowers and. the Lender to make their own Bargains, according to the Circumstances they lie under; and in so doing you will follow the course of the wise Hollanders, so often quoted on this account: and the conse- quences will be, that when the Nation thrives, and grows rich, Money will be to be had upon good terms, but the clean con- [jtrary will fall out, when the Nation grows poorer and poorer. Let any ...one Answer me, why do not the Legislators in those poor Countries, where Interest is at 10, & 13 per Cent, make 8,such Laws to restrain Interest, and reduce || it for the good of ' I the People ? If they should attempt it, it wou'd soon appear. Discourses Upok Trade 21 that such Laws would not be effectual to do it. For when there are more Borrowers than Lenders, as in poor Countries, where if a rich Man hath 100 I. to dispose, and there are four, five or more Men striving for it; the Laww.ould b_e evaded by- underhand Bargains, making Loans in Goods, drawing Bills, and a thousand Ways beside ; which cannot be prevented.
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