Considerations On Commerce, Bullion And Coin, Circulation And Exchanges : With a View to Our Present Circumstances 12, No. 1
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Muschet's Mint price, as a standard, is not an axiom of wisdom, but an axiom of folly !
Now, as far as the Bullion Committee has been carried, by prejudice, to adopt Mr. Muschefs axiom, that Committee has recommended to Par- liament a Mint policy, which had been condemned, for upwards of forty years, by the popular voice.
And, " what are axioms, or principles more general, " according to the judicious Hooker, but such as " this, that the greater good is to be chose fi before " the lesser:' 9. B...ut, of all this enough, with regard to ^vhat I have to say, as to the high prices of bullion I It is ap()arent, that accurate reasoners must take an average of all those causes, Vtipre stated, ,of tnc clearness of bullion, in the London market, before they can fonn any opinion, either of the prices of H bullion, ()8 COXSIDERATIOXS ON COMMEUC£ ; bullion, or of the state of our currency, (i.) It is the judgment of all those, ^\ho argue, from the- practice of business, and from experience in traf- fick ; w ho regard the coune of cwcha/ige, the price of' buUinriy and the e.vport iff goods; in connection with both, as correlatives ; that exchanges overrule- prices ; so that unfavourable exchanges, when they fall to a certain depression, ^\ ill raise the price of bullion, even when goods are sent, as an equilibrium, and will raise the prices of bullion very liigh, when that equilibrium, as in 1809, cannot be applied.
What to read after Considerations On Commerce, Bullion And Coin, Circulation And Exchanges : With a View to Our Present Circumstances 12, No. 1?
You can find similar books in the "Read Also" column, or choose other free books by Chalmers, George, 1742-1825 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Muschet's Mint price, as a standard, is not an axiom of wisdom, but an axiom of folly !
Now, as far as the Bullion Committee has been carried, by prejudice, to adopt Mr. Muschefs axiom, that Committee has recommended to Par- liament a Mint policy, which had been condemned, for upwards of forty years, by the popular voice.
And, " what are axioms, or principles more general, " according to the judicious Hooker, but such as " this, that the greater good is to be chose fi before " the lesser:' 9. B...ut, of all this enough, with regard to ^vhat I have to say, as to the high prices of bullion I It is ap()arent, that accurate reasoners must take an average of all those causes, Vtipre stated, ,of tnc clearness of bullion, in the London market, before they can fonn any opinion, either of the prices of H bullion, ()8 COXSIDERATIOXS ON COMMEUC£ ; bullion, or of the state of our currency, (i.) It is the judgment of all those, ^\ho argue, from the- practice of business, and from experience in traf- fick ; w ho regard the coune of cwcha/ige, the price of' buUinriy and the e.vport iff goods; in connection with both, as correlatives ; that exchanges overrule- prices ; so that unfavourable exchanges, when they fall to a certain depression, ^\ ill raise the price of bullion, even when goods are sent, as an equilibrium, and will raise the prices of bullion very liigh, when that equilibrium, as in 1809, cannot be applied.
What to read after Considerations On Commerce, Bullion And Coin, Circulation And Exchanges : With a View to Our Present Circumstances 12, No. 1?
You can find similar books in the "Read Also" column, or choose other free books by Chalmers, George, 1742-1825 to read onlineMoreLess
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