Publisher Description

The use of this real estate as banking capital would break up all monopolies in banking, and in all other business depending upon bank loans. It would diffuse credit much more widely than it has ever been diffused. It would reduce interest to the lowest rates to which free competition could reduce it. It would give immense activity and power to industrial and commercial enterprise. It would multiply machinery, and do far more to increase production than any other system of credit and currency that has ever been invented. And being furnished at low rates of interest, would secure to producers a much larger share of the proceeds of their labor, than they now receive.

GENRE
Business & Personal Finance
RELEASED
1887
January 1
LANGUAGE
EN
English
LENGTH
69
Pages
PUBLISHER
Public Domain
SELLER
Public Domain
SIZE
48.4
KB

More Books by Lysander Spooner