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Among the effects produced by the spur of small
Bank acts has been not only the support of
the credit of the Bank, but the absolute augmentation
of the mass of national wealth and the keeping up rise
elevation of the price of the Government
Annuities. The quantity total mass of circulating
capital is composed of the total mass of hard
money and paper money taken together whatever
therefore adds to the quantity of paper money
circulating during for a given period of time, adds to
the total mass of circulating capital for existing and during
that period of time. But the lowering of the value
price of Government Annuities being to many promises of future money has is by
and proportioned to the decrease of the quantity
of circulating capital which constitutes the existing
mass of present money. a grant of a an annuity government
annuity bring nothing neither more nor less more than the exchange
made of a right to retain money payable in a series of future payments in red return for
a sum of present money paid all of it at once. Other
sources of demand for ready present money remaining
as they were, it is impossible therefore to add
to the sum mass of present money of all sorts of
circulating capital in all shapes — without
adding to the price of Stocks: it is impossible to
take any thing from that mass pass, without taking in
proportion from the price.
Identifier: | JB/002/418/001 "JB/" can not be assigned to a declared number type with value 2.
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002 |
Annuity Notes |
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418 |
[[info_in_main_headings_field::Art. 11 Presence[?]]] |
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001 |
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Text sheet |
1 |
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"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.
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D13 / E7 |
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Jeremy Bentham |
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1157 |
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