Political Economy and Fiscal Policy PDF ePub eBook

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Political Economy and Fiscal Policy free pdf Excerpt from Political Economy and Fiscal Policy For many years past the state of the finances of the Empire has been a source of anxiety to us. From the foundation of the Empire to the present day, Germany has incurred a debt of more than 221,250,000. If we estimate the capital which the Empire has sunk in the organization of such services as the Post Office, the Imperial Printing Office and the State Railways at 98,250,000, there remain 123,000,000 of debt, for which there is nothing to show. It is true that our costly expeditions to the Far East, to South-West Africa and to East Africa, obliged us to raise a loan of 33,000,000, and that the construction of the Kaiser Wilhelm Canal ran us into a debt of 5,500,000. Altogether, however, nearly 100,000,000 were devoted to current expenditure - an enormous sum, which is the more alarming as the principal increase in the Imperial Debt has taken place within the last ten years. It has been maintained, and justly maintained, that it is bad economics to meet by loans expenditure which in other countries is covered by taxation, and that the credit of the Empire, if a serious war were to occur, is damaged by such proceedings. That is why we have for years past been trying to introduce financial reforms which would bring the ordinary revenue of the Empire on a level with its expenditure. 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."

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Details Book

Author : Professor Brentano
Publisher : Forgotten Books
Data Published : 27 September 2015
ISBN : 1330639030
EAN : 9781330639030
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 354 pages
Age + : 15 years
Language : English
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