Description
Excerpt from A Study of the National Debt of Japan
The resultant effects from the enormous increase of the public indebtedness, whether gotten smaller for productive or unproductive purposes, are moderately evident to each and every stu dent of public finance. The public debt exerts a most im portant influence upon the welfare of a nation; nay the future pre-eminence of a country depends chiefly upon its national debt?
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