Prosperity Restored Or Reflections On the Cause of the Public Distresses And
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They encrease or diminish the creation and supply of property in the country. So also an alteration in. The modes of issuing bank notes or bullion, or other circumstances of confidence or depression in the public mind, promote actions upon currency. They encrease or diminish the creation and supply of currency in the country. Both these actions equally affect the state of prices. A great contract- ive action had taken place upon currency, which nothing but an encreased issue of bank notes or of... money of some kind, could counteract or reme- dy. The Corn Bill sought to relieve this action, by arresting a trifling action upon property which was occasioned by foreign importations of grain. An extra issue of five or ten millions of bank notes, would have kept up the prices of grain, and the prosperity of the country, notwithstanding any im- portations which could possibly have arrived from all the countries of the world.
Another error, also, in the Corn Bill, was the Minister seeking to keep up the price of corn in an open and undisguised way, against the decided opinion of the commercial part of the community, when the same object might probably have been obtained by other means, without interfering with public opinion, which ought always to be consult- ed and regarded, however erroneous and ill-fonnded 146 it may be.
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To quickly assess the difficulty of the text, read a short excerpt:
They encrease or diminish the creation and supply of property in the country. So also an alteration in. The modes of issuing bank notes or bullion, or other circumstances of confidence or depression in the public mind, promote actions upon currency. They encrease or diminish the creation and supply of currency in the country. Both these actions equally affect the state of prices. A great contract- ive action had taken place upon currency, which nothing but an encreased issue of bank notes or of... money of some kind, could counteract or reme- dy. The Corn Bill sought to relieve this action, by arresting a trifling action upon property which was occasioned by foreign importations of grain. An extra issue of five or ten millions of bank notes, would have kept up the prices of grain, and the prosperity of the country, notwithstanding any im- portations which could possibly have arrived from all the countries of the world.
Another error, also, in the Corn Bill, was the Minister seeking to keep up the price of corn in an open and undisguised way, against the decided opinion of the commercial part of the community, when the same object might probably have been obtained by other means, without interfering with public opinion, which ought always to be consult- ed and regarded, however erroneous and ill-fonnded 146 it may be.
What to read after Prosperity Restored Or Reflections On the Cause of the Public Distresses And?
You can find similar books in the "Read Also" column, or choose other free books by Attwood, Thomas, 1783-1856 to read onlineMoreLess
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