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Whatever goes in addition addition is made to the mass of national
capital production, faster than income is proportionable income can be produced by the employment of their capital, or at least any rate faster faster than the expenditure proceeds upon
the income that income produced by the employment of that
capital, operates in contributes to the reduction of the rate of interest.
in general: whatever operates as reduction of the
rate of interest in general contributes to dispos
prepare and dispose men for the acceptance of
any cash reduced rate of interest as shall be may caus
to be offered to them in respect of impt principal
that has been invested employ'd in the purchase of Government
Annuities.
The rate of interest given by in respect of Government
Annuities, especially when the mass of those Annuities
is so large as at present, may well be
regarded as capable of setting the general rate of
interest: the quantity of money for which interest mass of income which may be obtained
can be made and is obtained and is made in this way without the
trouble of management being so much greater than
the whole amount of what can be obtained on
the same terms from all other sources put together. Eight years amount at the interest put into the bonds of Government by the reduction & is enough to make good the difference between the redemption price of the first issue and that of the 2d issue.
Identifier: | JB/002/489/001 "JB/" can not be assigned to a declared number type with value 2.
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1800-08-04 |
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002 |
annuity notes |
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489 |
art. 21 |
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001 |
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text sheet |
1 |
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recto |
d4 |
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jeremy bentham |
1798 a<…> |
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frances wright |
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1798 |
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1228 |
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