policy loan

What they believe impacts economic policy, foreign policy, education policy, environmental policy, you name it.

It looks very much as if the same policy adopted in the war of 1871-3 had been consciously followed.

That is, the Government was led into the policy of borrowing through the increase of monetary forms.

War credit banks were more general in their dealings than war loan banks.

Must I add, that your good money paid this second loan—and yet a third—a fourth—a fifth?

They would certainly ask that question, and perhaps refuse the loan.