JB/003/086/002

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4 Nov. 1800
Paper Mischief
Contents

Ch. Mischief proved

1
False argument
e contrà. No mischief
– no loss –
It imposes no
charge till after
bringing wherewithal
to defray it.
p. 1.

2
Answer – Although
it did encreased
wealth, it might
be an evil: viz:
by diminishing
comfort – viz.
in the instance of
1. Possessors of unincreasable
income.
2. – of income
though increasable
– not likely
to proportionably
increased –
3. – even if
income more increased
the gain not telling
against the
loss. p. 2.

3
On all it produces
the sensation
of a tax
without the benefit.
p. 3

4
– Amount about
50 per Cent on
p. 3

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Ch. Mischief proved

5
– from 5 to
60 times, the Income
Tax. p. 3.

6
– about thrice
as great as all
Taxes put together.
p. 4.

7
Yet by being
less obvious, it
has excited less
sensation – being
looked upon as
meritable and
not the work of
Government, nor
preventable by Government

8
Possessors of unincreasable
income –
enumerated. p. 5.

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Ch. Mischief proved

9
Rise of prices is
no inseparable concomitant
of increase
of wealth – so that
the former may be
checked, without
prejudice to the latter
p. 6
Metal money not so
checkable as paper.

10
Paper currency is
about 1/3 of the whole.
p. 7.
Ireland cheaper because
no paper money?
Cash by exagger. 50 mill
Bank say 12 1/2 mill
Bankers 12 1/2 mill

11
If so, the addition
to money by paper
is just equal to the
rise of prices.

12
The very fact of
a rise of prices
is a proof that
the supposed addition
made
to wealth by the
addition to money
is but nominal.
p. 8

13
Reasons for thinking
that the addition to
money has been no
addition to wealth.
1. Addition may
be made to wealth
to any amount, without
any to money.
2. – and to money,
without any to wealth.
p. 9.

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Ch. Mischief proved

14
Sources of the delusion.
Wealth
and Labour are
produced by money
– and seemingly
in proportion to the
quantity of money
paid. p. 9.

15
This is an illusion;
because
1. Wealth may
receive any increase,
without increase to money.
p. 10

16
So money, without
increase to wealth.
p. 10.

17
In a country
without money
, increase
of money is the
effect not cause
of increase of
wealth. p. 10

18
That there is no
necessary connection
between quantities
of money and
quantities of wealth
is proved by the
prices of antient
times compared
with the present
p. 11
Day Labour
Aº 1 2
1800 1 5 1/2
In Sir G. Shuckburgh
Evelyn's Table
Nicholsons Journal
Sept 1798, from
Philos. Transact. 1798.

Identifier: | JB/003/086/002 "JB/" can not be assigned to a declared number type with value 3.
Date_1	1800-11-04	Marginal Summary Numbering
Box	003	Main Headings	manual of political economy
Folio number	086	Info in main headings field	paper mischief
Image	002	Titles	mischief proved
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	1496
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