27 April 1992 There are several ways of financing a war, but no small nation has yet found a way to pay for its war expenditures from current tax revenues, or to transfer them to someone else’s account. Lending money from allies or raising funds on the capital market, along with mortgaging a nation’s wealth, […]

You have reached a premium content area of TOL. To read this entire article please login if you are already a TOL subscriber.

Not a subscriber?

Annual membership costs only $55 per year for individuals ($33 for students) and organizational subscriptions start at $141 per year.

Subscribe today for access to:
Full access to the website, including premium articles videos, country reports and searchable archives (containing over 25,000 articles).

You can subscribe here to gain access to the entire website.