General Thoughts Reductions (1 results)

Paperback. Condition: New. Print on Demand. This book is an economic treatise, published in the eighteenth century during a time of national financial strain. The author argues that proposed measures to stimulate the British economy by reducing interest rates on the national debt from four to three percent would be detrimental to all levels of society. The author contends that wealthy landowners and merchants would suffer as consumer demand for their goods and services declined, and the poor would see income from their savings and annuities diminish. The author also asserts that a reduction in interest rates would increase the demand for capital to invest abroad, which would draw capital from British businesses, reducing overall economic vitality. The author concludes that the negative consequences of lowering interest rates would outweigh the benefits, and suggests other routes to economic recovery. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.