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179 Abstract Ch.XIV. Rise of Prices — how to obviate.
Ch XIV. Rise of Prices 1 Any quantity of the proposed paper introduces into the circulation will if it be not attended with the removal of an equal quantity of other money as an introduction of a correspondent quantity of commodities be productive if an extra rise of prices — which is an undesirable result. I have already stated an extra-rise of prices
as a amongth conceivable results of the proposed measure.
Taken by itself it is evidently an undesirable
one: it is a tax on income to the amount: of imposing a tax
the burthe which comes out of every body's pocket,
and goes in to nobody's. - Being, thing with reference to the proposed measure, an
unfavourable one result,, I may be recieved with the
less suspicion difficulty, when stating it as a probable one.
Supposing the influx of the proposed money paper, not to
be speedily followed by an equal followed, or rather kept pace with, by an efflux of other
money , to an equal amount — and supposing it too sudden with too great
within a year to be productive if an influx of vendible
commodities, be an amount worth regarding in this view, within
the same time, the assumed span of time, the result presents itself as , it is a demonstable one. For, the
prices of the whole mass of vendible commodities articles,
taken together for sold within the year, is in other words as the same thing for the
as the quantity of money given or undertaken to be given for, in exchange
for them within that year time: or in other words as
the quantity of money so that the quantity of those
articles remaining the same, the greater the quantity
of the money is that has been given for them, the
higher has been the price price. It
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ch. xiv rise of prices - how to obviate |
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jeremy bentham |
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frances wright |
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