JB/003/140/001

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20 Decr 1800
Paper Mischief

Let us suppose that there exists in the country a
quantity of unemployed capacity for labour adequate
to the whole quantity of money that would have
been employed in the shape of productive capital
had it not been for the supposed defalcation. In this case
the defalcation from the mass of money is really productive of a
correspondent though not equal defalcation from the mass of wealth.
The money hoarded by government, and thence defalcated from
the stock of money in circulation, is parcel of the
money raised by taxes: the taxes, are imposts
laid for the most part at least, if not exclusively on
expenditure. Of The money taken by the tax, part
and by far the greater part would have been
spent in a way not to make any addition,
or not to make an addition to so large a proportionable
amount as that in which it might have been
employed to make an addition to the mass of wealth:
other part would have been spent in the
most advantageous way with reference to in respect of the making
addition to the amount of growing wealth: in a word
part would have been spent in the way of consumption:
in the way of present enjoyment – the other
part in the way of accumulation: – the adding to
the amount of the sources of future enjoyment and
subsistence.

Identifier: | JB/003/140/001 "JB/" can not be assigned to a declared number type with value 3.
Date_1	1800-12-20	Marginal Summary Numbering
Box	003	Main Headings	manual of political economy
Folio number	140	Info in main headings field	paper mischief
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	f3
Penner	jeremy bentham	Watermarks	1798 a<…>
Marginals		Paper Producer
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1550
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