The natural effect of low interest is to increase trade and industry; because undertakings of every kind can be prosecuted with greater advantage.
Interpretation
Low interest rates stimulate economic activity by making investments more attractive.
This quote by Alexander Hamilton emphasizes the positive impact of low interest rates on trade and industry. When interest rates are low, businesses can borrow money more easily, leading to increased investments and economic growth. It suggests that favorable borrowing conditions encourage entrepreneurs to pursue various ventures, thereby boosting overall economic activity and benefiting society as a whole.
In practice
In a speech about economic recovery, a speaker might reference this quote to underline the importance of low interest rates.
When men, engaged in unjustifiable pursuits, are aware that obstructions may come from a quarter which bare apprehension of opposition from doing what they would with eagerness rush into if no such external impediments were to be feared.
The tendency of a national bank is to increase public and private credit. The former gives power to the state, for the protection of its rights and interests: and the latter facilitates and extends the operations of commerce among individuals. Industry is increased, commodities are multiplied, agriculture and manufacturers flourish: and herein consists the true wealth and prosperity of a state.
It's not tyranny we desire; it's a just, limited, federal government.
The Achaeans soon experienced, as often happens, that a victorious and powerful ally is but another name for a master.
The people are turbulent and changing; they seldom judge right or make good decision.
The true principle of a republic is that the people should choose whom they please to govern them. Representation is imperfect, in proportion as the current of popular favor is checked. The great source of free government, popular election, should be perfectly pure, and the most unbounded liberty allowed.
Money is not capital in most of the developing countries. It's just cash. Because it lacks the institutional, organizational, managerial forms to turn it into capital.
The real source of market promise is not the wealthy few in the developing world, or even the3 emerging middle-income consumers. It is the billions of aspiring poor who are joining the market economy for the first time.
With the exception of the instinct of self-preservation, the propensity for emulation is probably the strongest and most alert and persistent of the economic motives proper.
Economic growth is very important, but it is not the only thing, and it must be accompanied by sharing with those who are left behind, through effective social services and provision.
The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
When you save the life of anyone, a farmer, a teacher, a mother, they are contributing productively into the economy.
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