JB/003/143/001

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21 Decr 1800
Paper Mischief

But though there appears to be no period in
which a defalcation from money to any such amount as is
likely to be made produced by the money hoarding system
appears likely to be productive of any very sensible
effect in the way of lowering prices, a practice of
this supposes the existence of a period at which
a considerable effect naturally be produced in
the way of raising prices. I mean the period
whatever it be at which the hoarded money may come
to be disbursed. This period is that of War:
War is that state of things with a view to which
and for the sake of which hoards of this sort
are laid upon. When the war comes, then comes
the disbursement: and this disbursement it
may naturally be expected that it will at the
same time copious enough, and of sufficient
long continuance to produce a very perceptible
rise of prices.

A circumstance that contributes hopes to diminish
the effect that the defalcation produced by hoarding
would otherwise have in the way of raising lowering prices, is
the defalcation produced by the same cause from
what would otherwise have been the amount of the
mass of wealth. By preventing intercepting the addition that
would otherwise have been made immediately to the
mass of productive capital, it intercepts the addition
that would otherwise have been made to the growing
mass of vendible commodities, in the way of
interest upon the capital composed of principal of which that
capital is would have been comprized.

Identifier: | JB/003/143/001"JB/" can not be assigned to a declared number type with value 3.
Date_1	1800-12-21	Marginal Summary Numbering
Box	003	Main Headings	manual of political economy
Folio number	143	Info in main headings field	paper mischief
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	f6
Penner	jeremy bentham	Watermarks	1798 a<…>
Marginals		Paper Producer
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1553
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