JB/003/136/001

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30 Novr 1800
Paper Mischief

If ac But There is no certain proportion – there can not in
he nature of things be any certain proportion between
the quantity of paper and the quantity of cash capable
of supporting it: – it all depends upon opinion – and
opinion is liable to turn be turned against it at any time by
all sorts of apprehensions – well or ill founded.

The only standard for the supposed natural proportion
is experience – the natural proportion is then the
habitual the experienced proportion. – But inasmuch as this experienced
proportion has during the whole course of the experience
been dependent on opinion, so it must ever continue to
be.

The natural and habitual proportion may be considered
as the proportion that has generally obtained –
belong particular causes of discredit. But though those
particular causes of discredit should not recur again
yet a general and permanent cause of discredit,
a prevailing suspicion of the solidity of this sort of money
may obtain at any time – and if so might be
to it. Particular cases of discredit are like diseases,
in the intervals of which the patient is restored to
health: – but this general discredit would be death.

The credit of the paper money in some parts of
the kingdom may have derived occasional support from the cash
in other parts of the kingdom where paper had not introduced
itself in equal quantity: when therefore it has
introduced itself into there, that support fails.

Identifier: | JB/003/136/001 "JB/" can not be assigned to a declared number type with value 3.
Date_1	1800-11-30	Marginal Summary Numbering
Box	003	Main Headings	manual of political economy
Folio number	136	Info in main headings field	paper mischief
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering
Penner	jeremy bentham	Watermarks	1798 a<…>
Marginals		Paper Producer
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1546
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