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Period II
Effects – Gen. Wealth
As to that quantity
of Annuity
Note paper that
takes the place of
Stock, though it
will be capable at
all times of passing
as currency if got
in as far as it
is kept in the
manner of Stock
it will not naturally
be made to
pass as currency
nor therefore will
add anything to
the quantity of
the currency.
But there will
be an addition
to the mass of general
wealth, to
the amount of
the difference between
the non exsiting
price of Stock
and the par price
viz: upon the
quantity sold at
par or so much
of it is sold
out for the purpose
of being spent
either on improvements
or dissipation:
i:e: upon
all in short that comes
out voluntarily,
and is not forced
out.
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Effects – Period II
If If Admitted – that the demand on
the part of the possessors
of small and
those of temporary sums does
not suffice to
taken out of the market
so much Stock
as to raise the remainder
to part, the plan
will not have force
enough to produce the
effect. But this does
not probably appear
probable: since this
embraces every bodys
case (and therefore
the sum total of
income?) and the
habitual expence of
the scarce make
the ratio of interest
at which money is
borrowed – especially
of the income tax
be persevered in.
Identifier: | JB/003/006/006 "JB/" can not be assigned to a declared number type with value 3.
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003 |
annuity notes |
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006 |
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006 |
effects - gen. wealth |
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rudiments sheet (brouillon) |
1 |
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recto |
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jeremy bentham |
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19210003 |
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