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Updated: May 13, 2025
The current account deficit a mere accounting convention simply encapsulates this overwhelming allure. This is somewhat disingenuous. In the last three years, most of the net inflows of foreign capital into the spendthrift US are in the form of debt to be repaid. This mounting indebtedness did not increase the stock of income-producing capital.
Marrineal, with an instinctive leaning toward quackery, had forced upon her spouse. Appraising his prospective widow with an accurate eye, the dying man left a testament bestowing the bulk of his fortune upon his son, with a few heavy income-producing properties for Mrs. Marrineal. Tertius Marrineal was devoted to his mother, with a jealous, pitying, and protective affection.
"You are perfectly certain I am going to propose to you." She flamed scarlet and half-started up. "Your mother in the next room expects it, too," I went on, laughing even more disagreeably. "Your parents need money they have decided to sell you, their only large income-producing asset. And I am willing to buy. What do you say?" I was blocking her way out of the room.
He had the good fortune to be able to carry out his somewhat romantic, and for most persons impracticable, theory in this respect, because his private affairs were prospering. His investments in real estate in Philadelphia had risen greatly in value and in their income-producing capacity since the war, and he was now at least comfortably endowed with worldly goods.
Greed, false economy and heartless indifference to the welfare of others are unfortunately too prevalent among the wealthy class. No ordinary argument could induce owners to expend money in strengthening or rebuilding their income-producing properties. But I get after them in my picture with a prod that ought to rouse them to action. "The picture opens with a scene in the interior of a factory.
If I had done this, and had spent two hours a month in the management of it, it would now be a thing of beauty and an income-producing joy forever, or, at least, as long as my great-grandchildren will need it. There is no danger of overdoing orcharding. The demand for fruit increases faster than the supply, and it is only poor quality or bad handling that causes a slack market.
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