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Not desirable to redeem a national debt by a general con3. tribution, . e e - e - e -
e In what cases desirable to maintain a surplus revenue for the redemption of
debt, . - 468 478 475 479 483 485 \ CHAPTER VIII. Of the Ordinary Functions of ...
... to confer on all other debtors a licence to rob theirs, by the shallow and
impudent artifice of lowering the standard ; that least covert of all modes of
knavery, which consists in calling a shilling a pound, that a debt of a hundred
pounds may be ...
a debt of a hundred pounds may be cancelled by the payment of a hundred
shillings. It would have been as simple a plan, and would have answered the
purpose as well, to have enacted that “a hundred” should always be interpreted
to mean ...
Two consequences will ensue. No debtor will any longer find it his interest to pay
in gold. He will always pay in silver, because twenty shillings are a legal tender
for a debt of one pound, and he can procure silver convertible into twenty ...
B does the like with respect to A. At the end of the year, the sum of A's debts to B
is set against the sum of B's debts to A, ... even though there be no reciprocal
debts of B to A. A may satisfy B by making over to him a debt due to himself from
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Pragmatic or muddled? Mill sets out to explore economic principles but, ultimately, finds that there is no principle which doesn't have any amount of conceivable exceptions. You have to wonder why its ... Читати огляд повністю