Political Economy, or Interest, Usury and Taxation

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Excerpt from Political Economy, or Interest, Usury and Taxation: Showing the Dangers of the HourThe only feasible remedy for this sad condition is for the Governments - National, State and Municipal - to effect loans at a low rate of interest, such as is being done at the present time by the Federal Government effecting loans at the rate of four per cent. Per annum. This low rate should be taken advantage of by the State and Municipal authorities, thus lessening the taxes to'be paid by the public.The next step should be to reduce the legal rate of interest in the differ ent States and Territories of the Union - say to five per cent, or even a less rate - so as to correspond with the most favored nations of Europe, and establish a sound and equitable system of banking.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.