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Scheme to Lower Interest to Aid Public Debt in Britain
A long letter argues against reducing interest from 6 to 3 percent, warning it harms trade and landed wealth. It cites Locke, Lowndes, and Newton, notes Dutch coin pressures, and urges merchants, manufacturers, farmers, and traders to oppose cheap money plans while detailing how reductions would depress investment, credit, and the broader economy.
MENTIONED IN THIS ARTICLE
Me. Locke
Lowndes
Mer. Lowndes
Mr. Locke
House of Commons
Siraac Newton
Isaac
Locke
Holland
Sir Isaac
East-India Company
Ruioff
Turku
England
Elizabeth
London