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It is often said by reformers that government should be conducted upon business principles.
John Buchanan Robinson
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In this way, the charge that the bank makes for the use of its notes - the interest - is a continual and universal tax upon all the members of the community.
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Capital, however capital may be defined, would practically cease to exist as an income producing fund, for the simple reason that if money, wherewith to buy capital, could be obtained for one-half of one per cent, capital itself could command no higher price.
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At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.
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