Essays And Treatises On Several Subjects volume 1
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Whence would it have acquired that sum ? From all the kingdoms of the world. But why ? Because, if you remove these 12 millions, money in this state is below its level, compared with our neighbours ; and we must immediately draw from all of them, till we be full and saturate, so to speak, and can hold no more. By our present politics, we are as careful to stuff the nation with this fine commodity of bank-bills and chequer notes, as if we were afraid of being overburdened with the precious metal...s.
It is not to be doubted, but the great plenty of bullion in France is, in a great measure, owing to the want of pa- per-credit. The French have no banks : Merchants' bills do not there circulate as with us : Usury, or lending on interest, is not directly permitted ; so that many have large sums in their coffers : Great quantities of plate are used in private houses ; and all the churches are full of it. By this means, provisions and labour still remain cheaper a- mong them, than in nations that are not half so rich in gold and silver.
What to read after Essays And Treatises On Several Subjects volume 1?
You can find similar books in the "Read Also" column, or choose other free books by Hume, David, 1711-1776 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Whence would it have acquired that sum ? From all the kingdoms of the world. But why ? Because, if you remove these 12 millions, money in this state is below its level, compared with our neighbours ; and we must immediately draw from all of them, till we be full and saturate, so to speak, and can hold no more. By our present politics, we are as careful to stuff the nation with this fine commodity of bank-bills and chequer notes, as if we were afraid of being overburdened with the precious metal...s.
It is not to be doubted, but the great plenty of bullion in France is, in a great measure, owing to the want of pa- per-credit. The French have no banks : Merchants' bills do not there circulate as with us : Usury, or lending on interest, is not directly permitted ; so that many have large sums in their coffers : Great quantities of plate are used in private houses ; and all the churches are full of it. By this means, provisions and labour still remain cheaper a- mong them, than in nations that are not half so rich in gold and silver.
What to read after Essays And Treatises On Several Subjects volume 1?
You can find similar books in the "Read Also" column, or choose other free books by Hume, David, 1711-1776 to read onlineMoreLess
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