The Real Cause of the High Price of Gold Bullion 17
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As soon as it was issued, copper rose in value 17 per ( 35 ) 17 per cent, and his coinage disappeared. We made something of a similar atlempt in 1810', and 4 millions and half in valne of Sovereigns and half Sovereigns were thrown into circulation, which in a few months disappeared likewise, great part of which at present circulates in France recoined under the name of Louis.
If we adhere to this absurrlity, of adopting identical propositions as logical deductions, and acting upon them in our m...easures for restoring a metallic currency, we shall merely rep.eat the same blunders and incur similar losses. And if any man supposes that he can fix the value of gold, by saying gold is equal to gold, let him nierely try his reasoning powers upon any o*her commodity, and then his prejudices about gold being no longer in his way, the absurdity of his prin- ciples will flash him in the face.
I do not think it a more absurd problem for solution, utrum chimera Bombycinans in vacuo possit comedere secundas intentiones, than the problem — Whether the price of gold ought to be regulated by the laws of identical propositions.
What to read after The Real Cause of the High Price of Gold Bullion 17?
You can find similar books in the "Read Also" column, or choose other free books by Edward Cooke to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
As soon as it was issued, copper rose in value 17 per ( 35 ) 17 per cent, and his coinage disappeared. We made something of a similar atlempt in 1810', and 4 millions and half in valne of Sovereigns and half Sovereigns were thrown into circulation, which in a few months disappeared likewise, great part of which at present circulates in France recoined under the name of Louis.
If we adhere to this absurrlity, of adopting identical propositions as logical deductions, and acting upon them in our m...easures for restoring a metallic currency, we shall merely rep.eat the same blunders and incur similar losses. And if any man supposes that he can fix the value of gold, by saying gold is equal to gold, let him nierely try his reasoning powers upon any o*her commodity, and then his prejudices about gold being no longer in his way, the absurdity of his prin- ciples will flash him in the face.
I do not think it a more absurd problem for solution, utrum chimera Bombycinans in vacuo possit comedere secundas intentiones, than the problem — Whether the price of gold ought to be regulated by the laws of identical propositions.
What to read after The Real Cause of the High Price of Gold Bullion 17?
You can find similar books in the "Read Also" column, or choose other free books by Edward Cooke to read onlineMoreLess
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