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Speculative Finance



SPECUALTIVE FINANCE:

A rough proposal for a new system of national finance
for financing growth.



* Taxation is credit issued by the people for use by
  the Government

* Government has the duty to collect taxes.

* Government has the duty to pay interest
  to the people.

* Government shall finance the above interest payments
  by selling bonds.

* Government shall speculate (currency trade) to finance
  the interest payments to bond holders.


Harry Veeder





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