President Clinton also favors tax policy to finance public investment.
It took in about $150 million from the transactions, saying the money was needed to finance other investments.
It will also ensure that the money to finance investment can be found at a reasonable rate.
The lower real rate of interest would induce more borrowing to finance investment.
But the fact is we are financing consumption rather than investment.
How can Washington insure sufficient capital to finance growth and investment in the 90's?
Nearly all of the funds raised through these means go to finance domestic Chilean investment.
National savings, at only about $1 per capita, or $65 million, are inadequate to finance investment.
We have not financed investments which would extend the life of these nuclear power stations.
However the business was not profitable and the directors borrowed to finance further investment.
