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Plan for a gradual redemption of the national debt through the sinking fund
A detailed proposal argues for altering the sinking fund to redeem public debt within forty five years by applying existing funds and new annual provisions. It compares the 1786 plan with a gradual, tax balanced method, outlining advantages in debt reduction, money market stability, and earlier public relief, while weighing risks to investors and future taxation.
MENTIONED IN THIS ARTICLE
Pitt
Ding
Jesson
Public’ Service
West
Huskisson
Tierney
Gil
Sid
Jie
Davies
Ivan