True or False Finance: The Issue of 1888 (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from True or False Finance: The Issue of 1888

The real issue. - It is very often said, on both sides, that the issue of the Presidential election of 1888 is one of tariff reform, of revenue reform, of free trade or protec tion, or equivalent phrases. The real issue, however, is much easier to comprehend it is the issue between a true and a false system of national finance. It is true that this real issue has been forced upon us by our long-continued system of protection; that it is the inevitable and logical outcome of any attempt by a great and rich country to keep up a high protective system. But the real question, after all, is one of national book-keeping and business methods, which any business man can comprehend as soon as it is stated to him. He may be quite unable, as many of us are, to dissect and decide upon the arguments and counter-arguments in regard to the possible benefits of a system of moderate protection. He is perfectly able, however, to understand and decide upon the overwhelming disadvantages and even perils of the false financial system of which ultraprotection in this country has chosen to make itself a part.

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