The Currency And Its Connection With National Distress PDF Download

Excerpt from The National Distress: Its Financial Origin and Remedy, With the Proposal of a Common Principle of Union Amongst the Promoters of an Equitable Adjustment of the Currency; And a Vindication of the Railways The interest on capital employed is once of the charges on Production; and, in so far as maintained by legislation, it becomes simply a tax on Industry. Modern legislation has been much directed to the reduction generally of duties on the raw materials of manufactures, in order that the cost of production, and the prices to the consumer being reduced, extended employment may be found for the population, by means of a proportionately expanded consumption of, and demand for, all productions, - the necessary consequence of cheapness. The demand for Labour is regulated by the profits enjoyed or anticipated by those who employ it. Wages for subsistence in the labourer, profit for subsistence or accumulation in the master, are indeed the sole actuating motives to that general industry, which is the life of commerce, and the main element of national wealth. The profits of industry may be individual, and restricted to the few; or national, that is, derived and enjoyed by the many. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This 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.