War Bond
War bonds are debt securities issued by a government for the purpose of financing military operations during times of war. War bonds generate capital for the government and make civilians feel involved in their national militaries. This system is also useful as a means of controlling inflation in such an overstimulated economy by removing money from circulation until hopefully after the war is concluded. At that point, the funds could be liquidated and serve as a stimulus to encourage consumer spending for the economy transitioning to peacetime activity. Exhortations to buy war bonds are often accompanied with appeals to patriotism and conscience. Government-issued war bonds tend to have a yield which is below market value and are often made available in a wide range of denominations to make them affordable to all citizens.
Read more about War Bond: Before World War I
Famous quotes containing the words war and/or bond:
“In peacetime, they had all been normal decent, cowards, frightened of their wives, trembling before their bosses, terrified at the passing of the years, but war had made them gallant. They had been greedy men. Now they were self-sacrificing. They had been selfish. Now they were generous. War isn’t hell at all. It’s man at his best, the highest morality he is capable of.”
—Paddy Chayefsky (1923–1981)
“When the bond of love broke,
the respect born of affection withered,
good feelings fled,
and that man walked before me
like any other,
Good Friend,
I imagine all this,
think on days gone by
and wonder why
my heart hasn’t cracked
into a hundred bits.”
—Amaru (c. seventh century A.D.)