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19 Oct 1800 3o 2
Abstract
Ch. XVI Rise of prices
To avoid swllin loading with theoretical disquisitions a this proposal of
this practical tendency thus practical in its
design, with and swelling it to an immeasurable
bulk, I will content content myself
on the present occasion with stating the result
in question as hypothetical: reserving the
proof of it for some if necessary, for some
other place.
Stating it thus in the way of admission
and confession (for doubtless the proposal would
have stood much clearer of difficulty and objection,
had no such result been to be apprehended)
I will proceed at once to state the
course of proceeding by which all danger on this
score may be kept from realizing converting itself into
the shape apprehended inconvenience
In the mean time the notions generally
current on the subject though (I am inclined to suspect as far as appears
to me neither sufficiently perfectly clear, nor correct nor even consistent
with themselves) extend thus far at least as
to present the proposition [+] in question in a
point of view not
unfavourable to
acceptance, viz: — that too sudden an
influx of money of any kind may do more harm
than good — more harm by addition to prices
than good by addition to the mass of wealth. in such a
point of view as not to appear revolting to the
public instinct.
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