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It's worth quoting that one in full: It is curious how common sense, wriggling for an escape from absurd conclusions, has been apt to reach a preference for wholly 'wasteful' forms of loan expenditure rather than for partly wasteful forms, which, because they are not wholly wasteful, tend to be judged on strict 'business' principles.
John Maynard Keynes himself offered a partial answer 75 years ago, when he noted a curious "preference for wholly 'wasteful' forms of loan expenditure rather than for partly wasteful forms, which, because they are not wholly wasteful, tend to be judged on strict 'business' principles".
Similar(58)
For example, the supreme court ruled some forms of loans in foreign currencies illegal.
DIP loans are a special form of loan.
The overwhelming majority of that aid, €3.94 trillion, was given in the form of loan guarantees.
Yale tried a form of loan repayment contingent on income in 1972.
And a warning: Applying for any form of loan forgiveness is free.
European Union officials have said that such aid will likely come in the form of loan guarantees or bilateral loans.
The carmaker is facing a possibly terminal cash shortage if it doesn't get some form of loan by Christmas.
The 850-page report said that ultimately only £10m of this was handed to the four in the form of loan notes shortly after the takeover was completed.
A company controlled by Green also earned nearly £10m in interest from a £19.5m subordinated bond, a form of loan, issued to BHS in May 2000.
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