...the confused notions entertained respecting the nature of credit, we may advert to the exaggerated language so often used respecting its national importance....the borrower's means of production and of employing labour are increased by the credit given him, the lender's are as much diminished. The same sum cannot...

...the confused notions entertained respecting the nature of credit, we may advert to the exaggerated language so often used respecting its national importance....the borrower's means of production and of employing labour are increased by the credit given him, the lender's are as much diminished. The same sum cannot...

...extension of credit talked of <M equivalent to a creation of capital, or as if credit actually were aivitaL It seems strange that there should be any need to...employing labor are increased by the credit given him, the lender's are as much diminished. The same sum cannot be used as capital both by the owner, and also...

...if credit actually^ were capital. It seems strange that there should be any need to point out tnat credit being only permission to use the capital of...employing labor are increased by the credit given him, the lender's are as much diminished. The same sum cannot be used as capital both by the owner, and also...

...the confused notions entertained respecting the nature of credit, we may advert to the exaggerated language so often used respecting its national importance....the borrower's means of production and of employing labour are increased by the credit given him, the lender's are as much diminished. The same sum cannot...

...the confused notions entertained respecting the nature of credit, we may advert to the exaggerated language so often used respecting its national importance....cannot be increased by it, but only transferred. If the borrowers means of production and of employing labour are increased by the credit given him, the lender's...

...talked of as an equivalent to a creation of capital, or as if credit actually were capital," &c. " It seems strange that there should be any need to...cannot be increased by it, but only transferred," &c.—Principles of Political Economy. that money from the funds which are placed at their disposal,...

...is Capital!] It seems strange that there should be any need to point out that credit being only the permission to use the capital of another person !...the borrower's means of production, and of employing labour are increased by the credit given him, the lenders are as much diminished. -The same sum cannot...

...Examine the doctrine that an inconvertible currency is safe >f representing actual property. VIII. " Credit being only permission to use the capital of...cannot be increased by it, but only transferred." Is this proposition strictly and universally true ? How does Credit assist, and in1 what case is it...

...a creation of capital, or as if credit actually were capital. It seems strange that there should bo any need to point out, that credit being only permission...the borrower's means of production and of employing labour are increased by the credit given him, the lender's are as much diminished. The same sum cannot...