Excerpt from War Finance Primer War finance problems are not simple, but the main principles involved may be outlined with some degree of certainty. After having made a survey of the available material, we believe this War Finance Primer will help to point out the dangers involved and the best general course to be adopted. The crux of the matter is to strike a balance between loans and taxes. The present generation cannot avoid economic sacrifice. At the same time our industrial and commercial life should be fostered and the incentive to do business should be preserved. To some extent we must pay as we go; but we must not kill the goose that lays the golden egg. Our economic stability demands that we determine the happy medium between bond issues and taxation. The present problem is not only to raise the necessary money for a vigorous prosecution of the war, but to impress upon Americans, probably the most extravagant people in the world today, the fact that thrift and economy are the only permanent basis of a nation's commercial greatness. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.