A New Banking System
The Needful Capital for Rebuilding the Burnt District
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Beschreibung zu „A New Banking System“
In this short book, which the author pledges to expand on in the future, Spooner discusses the concept of capital and how it might be used to raise money. He takes as the most obvious way, that of loans backed by capital invested value. He argues that the state of Massachusetts, using his calculation, is worth about 750 million dollars.