JB/003/027/003

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15
Doubling the money
in the year
would it double
prices?
Would it be more
than doubled, throwing
out of the account
the deduction
by goods produced.
Would it be more
than doubled as
doubling the quantity
of corn is more
than reduces the
price more than
by half? p.7.

16
Effect of money
coming in the first
instance into the
hands of prodigals.
p.7. See art. 3.

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Note to Nat. Wealth
Compressed hints
of the difference between
the effect
of fixed and circulating
capital
added. p.

1
Each million paid
in redemption adds
a milions worth to
productive capital,
by its first disbursement
– thence forward
only in the
proportion of saving
to receipts. p.13

2
A million, added to
circulating capital
promiscuously, would
add to productive capital
and to expenditure
in the
proportion of saving
to receipts only. p.13

3
Effect of addition by
redemption money
to fixed productive capital –
1. Goes the addition
to productive capital
by its first expenditure
2. – is made at the
expence of consumptive
expenditure
3. – admitts not in
that first stage
of its progress any
diminution of value
by depretiation of
money in general
p.13

4
Effect of addition
to circulating capital
by notes issued
1. Takes nothing
from consumptive
expenditure.
2. Adds to productive fixed capital
and thence to
wealth, only with
proportion of saving
to income.
3. Thence
saving in general
and raises prices
in the ratio of income
to savings
say 7 to 1 multiplied
by the number
of change of
hands in a year
say 3. p.13

5
How far addition
by Notes issued contributes
not to raise
prices.
In as far as it is
ballanced – by
1. Goods imported –
in lieu of money
(or bullion?) exported
2. Encrease of offic
labour by bringing
of capacity intact
3. Encrease of labour
by import of labouring
hands
4. Encrease of effect
of labour by skill
in machinery &
management.
p.13

6
Dollars received
by British Government
from Spaniards
and applied in redemption
of Debt
would include
species or modes
of addition – to
productive capital
and to circulating, not
being taken from circulating
by taxes.

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7
If the fresh money
paid for no labour
but what it brought
from capacity into
net, it would add
nothing to prices.
p.14 Infra 10:

8
But this is never the
case. p.14

9
So much money as
goes to raise prices
adds nothing to
real wealth. p.14

10
What is the equivalent
of goods of a million
of fresh influx money?
Is it one or three
millions worth? p.14.

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11
Sudden influx if
of money makes
goods dearer, without
their being in
less quantity. p.15

12
Sudden defalcation
from money, altho'
it should make
goods cheaper, does
not make goods
to be in greater
quantity –
but in less. p.15

13
Particular sorts of
goods may grow cheaper
without diminution
of money – &
thus without distress:
goods in general & provisions in particular.
p.16

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14
Income, fixed in
words – is decreasing
in effect – without
so much as a palliative,
but by retardation of general
prosperity. p.

15
The utmost relief
by taking of taxes
falls far short of
the red burthen by
rise of prices. p.16
Taxes for interest
of debt £20,000,000
Income £217,000,000

Identifier: | JB/003/027/003 "JB/" can not be assigned to a declared number type with value 3.
Date_1	1800-10-02	Marginal Summary Numbering
Box	003	Main Headings	annuity notes
Folio number	027	Info in main headings field	annuity notes
Image	003	Titles
Category	rudiments sheet (brouillon)	Number of Pages	2
Recto/Verso	recto	Page Numbering
Penner	jeremy bentham	Watermarks	1798 am
Marginals		Paper Producer
Corrections	jeremy bentham	Paper Produced in Year	1798
Notes public		ID Number	1437
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