Excerpt from Labour and National Finance This reckless prodigality must come to an end when the substance has been squandered, and the prodigal will be left with the burden of his debt, and with the Obligation to meet the interest upon it. This country is now approaching that inevitable crisis. The Chancellor of the Exchequer (mr. Austen Chamberlain) Speaking in the House of Commons on August 7, 1919, said, If we were to continue to spend at the rate we are spending now it would lead us straight to national bankruptcy, ...
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Excerpt from Labour and National Finance This reckless prodigality must come to an end when the substance has been squandered, and the prodigal will be left with the burden of his debt, and with the Obligation to meet the interest upon it. This country is now approaching that inevitable crisis. The Chancellor of the Exchequer (mr. Austen Chamberlain) Speaking in the House of Commons on August 7, 1919, said, If we were to continue to spend at the rate we are spending now it would lead us straight to national bankruptcy, and there is no doubt whatever about it - if we cannot increase production beyond what we are producing now, we Shall go to national bankruptcy. This pessimistic statement was confirmed in the same debate by the Prime Minister. In evidence given before the Committee on War Wealth, Mr. Blackett, Controller of Treasury Finance, stated that the financial crash would eventually come unless special provision was made to get back to a sound economic position. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... 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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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
