Financial History of the United States: Fiscal, Monetary, Banking, and Tariff, Including Financial Administration and State and Local Finance, Volume 2McGraw-Hill, 1963 - 605 pages |
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Page 479
... interest charges would not be so large as expected , since taxes would mop up a large portion , and it was believed that , if artificially low interest rates ... interest rates vitiated anti - inflationary monetary controls . However ...
... interest charges would not be so large as expected , since taxes would mop up a large portion , and it was believed that , if artificially low interest rates ... interest rates vitiated anti - inflationary monetary controls . However ...
Page 509
... interest rates as a prelude to a return to " pegging the market . " Credit and monetary policy , they protested , did not determine interest rates , and therefore it would be impossible to effectively peg the market . But , on the other ...
... interest rates as a prelude to a return to " pegging the market . " Credit and monetary policy , they protested , did not determine interest rates , and therefore it would be impossible to effectively peg the market . But , on the other ...
Page 545
... rate . But paying higher interest rates also had offsetting dis- advantages . It increased the government's interest charges , and even though economists argued with impeccable logic that interest charges were nothing but a transfer ...
... rate . But paying higher interest rates also had offsetting dis- advantages . It increased the government's interest charges , and even though economists argued with impeccable logic that interest charges were nothing but a transfer ...
Other editions - View all
Financial History of the United States: Fiscal, Monetary, Banking, and ... Paul Studenski,Herman Edward Krooss No preview available - 2011 |
Financial History of the United States: Fiscal, Monetary, Banking, and ... Paul Studenski,Herman Edward Krooss No preview available - 2011 |
Common terms and phrases
addition administration American Annual Report balance bank notes bank reserves bankers banking system became began bill Bland-Allison Act Board borrowing budget capital cash certificates circulation cities Civil coin colonies commercial banks Committee Comptroller Congress corporate cost currency declined deficit demand deposits depression duties economic established estimated excises expansion export Federal government Federal Reserve Federal Reserve Act Federal Reserve Board Federal Reserve System finance fiscal policy foreign funds gold standard government bonds greenbacks important imposed income tax increased inflation interest rates investment issue June land levied loans member banks ment monetary monetary policy money market money supply municipal National Bank Act national banks operations paper money payments pensions period President proposed purchase receipts recommended redeem reduced refunding repealed retirement revenue Secretary securities Senate silver sold specie spending surplus tariff taxation tion Treasury notes Treasury's United veto York