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Find, local Accounting Degree Programs
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Sat Mar 7 17:29:20 2015
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Date: Sat, 7 Mar 2015 14:29:20 -0800
From: "Learn Accounting" <LearnAccounting@harbourg.eu>
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result of a particular social organization, but of laws of the universe which underlie society. It is, therefore, just. They who talk about abolishing interest fall into an error similar to that WOCVMOI
previously pointed out as giving its plausibility HUVFFYB to the 818cce6243dbb67e94b1e7232404c0e3 doctrine that wages are drawn from capital. When they thus think of interest, they think
only of that which is paid by the user of capital to the owner of capital. But, manifestly, this is not all interest, but only some interest. Whoever ETOSE
uses capital and obtains the increase it is capable of giving receives interest. If I plant and care for a tree until FYENPI it SLVJGKGX comes to maturity, I
receive, in its fruit, interest 818cce6243dbb67e94b1e7232404c0e3 upon 818cce6243dbb67e94b1e7232404c0e3 the capital I have thus accumulated—that is, the labor I have expended. If I raise a cow, the milk
which she yields me, morning and evening, is not merely the reward of the labor then exerted; but interest upon the capital which my labor, expended OEKDOUBK
in raising her, has accumulated in the cow. And so, if I AGJ use my own capital in directly aiding production, as by 818cce6243dbb67e94b1e7232404c0e3 machinery, or in indirectly aiding
production, in exchange, I receive a special and distinguishable advantage from the reproductive character of capital, which is as real, though 818cce6243dbb67e94b1e7232404c0e3
perhaps not as clear, as though I had lent my capital to another and he had EKGSGKXFO paid me interest. Chapter 818cce6243dbb67e94b1e7232404c0e3 818cce6243dbb67e94b1e7232404c0e3 IV Of Spurious Capital and of Profits Often Mistaken for Interest? </p>
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<p align="right" style="font: 12px;">The belief that interest is the robbery of industry is, I am persuaded, in large part due to a failure to NVA HJX discriminate between what is really capital
and what is SSIYQW not, EDD and between profits which are properly interest and profits which arise 818cce6243dbb67e94b1e7232404c0e3 from other sources than the use of capital. In the
speech and literature of 818cce6243dbb67e94b1e7232404c0e3 the day every one is styled 818cce6243dbb67e94b1e7232404c0e3 a capitalist who possesses what, independent of his labor, will yield him a return, while
whatever is thus received is spoken of as the earnings or takings of capital, and we everywhere hear of the conflict of labor and capital. 818cce6243dbb67e94b1e7232404c0e3
Whether there is, in reality, any SXEEBMPFY conflict between labor and capital, I do not yet ask the reader to make up his mind; but it will be well here to </p>
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<p>clear away some misapprehensions which confuse the judgment. Attention has already been called to the fact that land values, which constitute such an 818cce6243dbb67e94b1e7232404c0e3 enormous part of what is commonly called capital, are
not capital at 818cce6243dbb67e94b1e7232404c0e3 all; and VAFJAL that rent, which is as commonly included in the receipts of capital, and which takes an ever-increasing portion of the
produce of an<I>advancing community, is not the earnings of 818cce6243dbb67e94b1e7232404c0e3 capital, and must be carefully separated from interest. It is not necessary now to dwell</I>
further upon this point. Attention has likewise been called to the fact APJAY that the 818cce6243dbb67e94b1e7232404c0e3 stocks, bonds, etc., which 818cce6243dbb67e94b1e7232404c0e3 constitute another great part UXRNIRG of what
is commonly called capital, are not capital at all; but, in some of their shapes, 818cce6243dbb67e94b1e7232404c0e3 these evidences of indebtedness so closely resemble capital and in
some cases actually perform, IXM or seem to perform, the functions of capital, while they yield a return to their owners which is not only spoken of as
interest, but has every semblance of interest, that it is worth while, NSKRYL before attempting to clear the idea of interest from some other ambiguities .</p>
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