The Years Progress And the Uniform Law
The Years Progress And the Uniform Law
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In our eReader you can find the full English version of the book. Read The Years Progress And the Uniform Law 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 The Years Progress And the Uniform Law
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That money is a commodity, and that the price to be paid for the use of money should be regulated by supply and demand and not by legislation. In other words, that there should be no legislation limiting the rate of interest which should be charged for the loan of money. England and Massachusetts are the leading illustrations of the free contract rate.
2. The other principle is the one which has been carried down through the generations, that the rate to be charged for the loan of money should ...be restricted in all cases by legislative fiat. The legislation in most American states has been governed by this principle, and the rate of interest which may be charged on any loan varies from 6 to 10 per cent per annum.
Thus the Uniform Small Loan Law runs counter to the theory underlying the legislation of the free contract rate states, by limiting the rate of interest which may be charged upon small loans, and runs counter also to the legislative theory in other states by authorizing a much higher rate upon small loans than upon larger loans.
What to read after The Years Progress And the Uniform Law?
You can find similar books in the "Read Also" column, or choose other free books by Walter S Walter Stern Hilborn to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
That money is a commodity, and that the price to be paid for the use of money should be regulated by supply and demand and not by legislation. In other words, that there should be no legislation limiting the rate of interest which should be charged for the loan of money. England and Massachusetts are the leading illustrations of the free contract rate.
2. The other principle is the one which has been carried down through the generations, that the rate to be charged for the loan of money should ...be restricted in all cases by legislative fiat. The legislation in most American states has been governed by this principle, and the rate of interest which may be charged on any loan varies from 6 to 10 per cent per annum.
Thus the Uniform Small Loan Law runs counter to the theory underlying the legislation of the free contract rate states, by limiting the rate of interest which may be charged upon small loans, and runs counter also to the legislative theory in other states by authorizing a much higher rate upon small loans than upon larger loans.
What to read after The Years Progress And the Uniform Law?
You can find similar books in the "Read Also" column, or choose other free books by Walter S Walter Stern Hilborn to read onlineMoreLess
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