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Since they have been purchased out of newly created bank funds, continuance of the present low rates of interest is entirely appropriate. To do otherwise would merely increase bank profits at the expense of the taxpayer. The 275-billion dollar debt poses a problem that requires careful consideration in the determination of financial and economic policies.
Since they have been purchased out of newly created bank funds, continuance of the present low rates of interest is entirely appropriate. To do otherwise would merely increase bank profits at the expense of the taxpayer. The 275-billion dollar debt poses a problem that requires careful consideration in the determination of financial and economic policies.
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