The owners of this real estate have the greatest inducements to use it as banking capital, because all the banking profit, over and above expenses, is a clear profit; inasmuch as the use of the real estate as banking capital does not interfere at all with its use for other purposes.
Lysander Spooner: “The owners of this real estate have the greatest inducements to use it as banking capital, because all the banking…”
Editor's note · Context
Spooner explains the incentives for real estate owners to use their property as banking capital.
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