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Fallacies of Interest-Free Deficit Financing

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  • J. Carl Poindexter

Abstract

Origin of the proposals, 438. — I. Cyclical depression: Wright's arguments, 440; bank costs and bank profits, 443; proposals for service charges, 445; interest on deposits, 446; the problem of credit control, 447; redundancy of banking facilities, 449; taxation as an instrument of control, 451; special issues of interest-bearing bonds, 453. — II. Secular stagnation: two possible assumptions, 455; effect on consumption, 456. — III. War economy, 457. — IV. Conclusions, 458.

Suggested Citation

  • J. Carl Poindexter, 1944. "Fallacies of Interest-Free Deficit Financing," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 58(3), pages 438-459.
    • Handle: RePEc:oup:qjecon:v:58:y:1944:i:3:p:438-459.
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    File URL: http://hdl.handle.net/10.2307/1882849
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    Cited by:

    1. Sajid Amin Javed, 2019. "Limitless Deficit Financing for Economic Prosperity: Where They Got Keynes’s Deficit Spending Wrong? تمويل العجز بلا حدود من أجل الرخاء الاقتصادي: كيف أخطأوا فهم فكرة تمويل العجز لكينز؟," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 32(1), pages 97-109, January.

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