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179 Abstract Ch.XIV. Rise of Prices — how to obviate .
Ch XIV. Rise of Prices 1 Any quantity of the proposed paper introduces into the circulation will if it be not attended with the removal of an equal quantity of other money as an introduction of a correspondent quantity of commodities be productive if an extra rise of prices — which is an undesirable result . I have already stated an extra-rise of prices
as a amongth conceivable results of the proposed measure .
Taken by itself it is evidently an undesirable
one : it is a tax on income to the amount : of imposing a tax
the burthe which comes out of every body's pocket ,
and goes in to nobody's. - Being, thing with reference to the proposed measure , an
unfavourable one result, , I may be recieved with the
less suspicion difficulty , when stating it as a probable one .
Supposing the influx of the proposed money paper, not to
be speedily followed by an equal followed, or rather kept pace with , by an efflux of other
money , to an equal amount — and supposing it too sudden with too great
within a year to be productive if an influx of vendible
commodities , be an amount worth regarding in this view , within
the same time, the assumed span of time, the result presents itself as , it is a demonstable one . For, the
prices of the whole mass of vendible commodities articles,
taken together for sold within the year , is in other words as the same thing for the
as the quantity of money given or undertaken to be given for, in exchange
for them within that year time : or in other words as
the quantity of money so that the quantity of those
articles remaining the same , the greater the quantity
of the money is that has been given for them , the
higher has been the price price . It
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ch. xiv rise of prices - how to obviate |
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jeremy bentham |
1798 a<…> |
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frances wright |
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