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Progress and Poverty
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Chapter 4: Of Spurious Capital and of Profits Often Mistaken for Interest.
Question 1 of 2
What does George say a government bond actually represents?
A
A share of the nation's gold reserves
B
Genuine capital equal to what was originally paid for it
C
A form of land rent
D
Not capital, but a promise that government will tax future produce to pay the bondholder
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