An Inquiry Into the Nature of Value and of Capital and Into the Operation of Government Loans, Banking Institutions, and Private Credit (Classic Reprint) - Hardcover

Inhaltsangabe

Excerpt from An Inquiry Into the Nature of Value and of Capital: And Into the Operation of Government Loans, Banking Institutions, and Private Credit

A National Debt is paid off, not by the introduction of any new capital, but by an extinction of capital, equal to the sum paid off, The possessions of each individual will be diminished to an amount equal to his tax.

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