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<p><!-- pencil -->1 Nov. 1800<lb/> | |||
<head>Paper Mischief</head></p> | |||
<p>The very fact of a rise of prices, when<lb/> | |||
rightly considered, furnishes a proof – a short <add>summary</add><lb/> | |||
but <add>sufficiently</add> conclusive proof – that the encrease of <add>it is not the encrease<lb/> | |||
of money that has been</add> money has not been productive of any encrease in<lb/> | |||
the quantity of other wealth. Prices have risen<lb/> | |||
50 per cent: that is the same quantity of wealth<lb/> | |||
that <del>would</del> before the rise would have been sold<lb/> | |||
for no more than £100 <add>£150</add> million, now sells for<lb/> | |||
<del>but for</del> £150 <add>£225</add> million: Enter among <unclear>these</unclear> the<lb/> | |||
<del>nominal addition to the value – 50 per cent the</del><lb/> | |||
<add>nominal</add> addition <add>to the nominal amount of the mass of other wealth</add> by the encrease of money, there<lb/> | |||
remains the real amount the same and no<lb/> | |||
more as if the money had never come into the<lb/> | |||
circulation.</p> | |||
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{{Metadata:{{PAGENAME}}}}{{ | {{Metadata:{{PAGENAME}}}}{{Ready_For_Review}} |
1 Nov. 1800
Paper Mischief
The very fact of a rise of prices, when
rightly considered, furnishes a proof – a short summary
but sufficiently conclusive proof – that the encrease of it is not the encrease
of money that has been money has not been productive of any encrease in
the quantity of other wealth. Prices have risen
50 per cent: that is the same quantity of wealth
that would before the rise would have been sold
for no more than £100 £150 million, now sells for
but for £150 £225 million: Enter among these the
nominal addition to the value – 50 per cent the
nominal addition to the nominal amount of the mass of other wealth by the encrease of money, there
remains the real amount the same and no
more as if the money had never come into the
circulation.
Identifier: | JB/003/118/001"JB/" can not be assigned to a declared number type with value 3. |
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1800-11-01 |
12 |
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003 |
manual of political economy |
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118 |
paper mischief |
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001 |
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text sheet |
1 |
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recto |
e8 |
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jeremy bentham |
1798 a<…> |
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1798 |
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1528 |
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