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7 Aug. 1801
that stands next before it, let us make an experiment
upon it
The turn of the argument seems to be this as far as I can make,
anything of it, seems to be this as follows. Urged by the necessity
of the case, I will venture to take the place of my learned opponent, and speak
this projector, not withstanding all his pretensions,
and over weaning confidence about the steadiness
of this paper money of his, in regard to its current
value, does in one place here you see him notwithstanding,
speak speaking of cases in which it would bear
a premium. His eagerness to giveascribe to given credit to his wares for
every valuable property that can he thinks
may help to recommend them, has thus betrayed
him into the inconsistency of thus ascribing
incompatible properties to the same subject.
This ( it is true) is what, of itself would not much affect him, for so long
as the alternative lies only between being always
at par and being sometimes at par and sometimes
above it, the supposition of a premium
true or false will give his ap paper so
much the better a complexion than it would
wear otherwise.
Meantime what has propensity a self-delusion
will not suffer him to be aware of, and
what is therefore necessary for me, who am
proof against such delusions to remind him of, is –
that whatever article is observed at certain times
to bear a premium is observed at other times
to bear a discount! Hope of premium and discount go
uniformly together: and by thus imprudently bringing forward
the supposition favourable to his views, he has unawares
given me a right
and an equal
right, a right which
he is estopped
from disputing
to advance
the opposite
unfavourable one.
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Identifier: | JB/003/496/001"JB/" can not be assigned to a declared number type with value 3. |
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1801-08-07 |
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003 |
annuity notes |
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496 |
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001 |
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text sheet |
1 |
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recto |
e2 / f133 |
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jeremy bentham |
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1906 |
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