THOUGHTS FOR THE TIMES
Why Tiiai.e Is Bab. Excessive expenditure (he says) means excessive taxation. I am certain that this the main cause of the stagnation of trade. It depresses public credit and so raises the rate of interest; it depresses industry by restricting consumption and raising the tost of production. Taxation increases unemployment and diminishes capital. I bus it doubly depletes the financial and economic resources of the country.—F. W. Nirst in “Public Economy and Taxation.’
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19280216.2.21
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 16 February 1928, Page 2
Word count
Tapeke kupu
77THOUGHTS FOR THE TIMES Hokitika Guardian, 16 February 1928, Page 2
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in