小说站
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www.192.tw栗子小说 m.lizi.twihroughthe
greaterpartofeurope.ithassitiindifferent
untriessunktosix,five,four,andthreepert.letus
supposethatineveryparticularuntrythevalueofsilverhas
sunkpreciselyinthesaproportionastherateofi;
andthatinthoseuntries,forexale,eresthasbeen
reduequantityofsilver
ohalfthequantityofgoodsuld
havepurchasedbefore.thissupposition,ibelieve,be
foundanyost
favourabletotheopinionine;andeven
uponthissuppositionitisutterlyiossiblethatthel
ofthevalueofsilveruldhavethesllestteolower
therateofi.ifahundredpoundsareinthoseuntries
noorevaluethanfiftypoundsust
noorevaluethanfivepoundshen.everwere
thecausesest
necessarilyhavelohatofthei,alyinthe
saproportion.theproportiohevalueofthecapital
andthatoftheihavereihesa,thoughthe
ratehadbeenaltered.byalterie,orary,the
proportiohosetered.ifa
hundredpoundshanfiftyhen,five
poundshantenshillings
ten
tofivepert,heuseofacapital,his
supposedtobeequaltoonehalfofitsforrvalue,a
er
i.
anyincreaseinthequantityofsilver,hatofthe
ditiesaihesa,uld
havenoothereffeinishthevalueofthattal.
thenonalvalueofallsortsofgoodser,but
theirrealvalueeasbefore.they
berofpiecesofsilver;but
thequantityoflabournd,thenuerof
peopletheyuldintainandeloy,isely
thesa.thecapitaloftheuhougha
greateuerofpiecesghtberequisitefornveyingany
equalportionofitfronehandtoahedeedsof
assignnt,likethenveyancesofaverboseattoey,wouldbe
recuerso,butthethingassignedhe
saasbefore,anduldprodueeffects.the
fundsforintainingprodue,the
dendforite.itspriceorherefore,
thoughnonallygreater,e.theywouldbe
paidieuerofpiecesofsilver;buttheywould
purequantityofgoods.theprofitsofstock
ebothnonallyandreally.thewagesoflabour
arenlyputedbythequantityofsilvero
thelabourer.hatisincreased,therefore,hiswagesappear
tobeinaysotisbeerthan
before.buttheprofitsofstober
ofpiecesofsilverhheyarepaid,butbythe
proportionployed.
thusinaparticularuntryfiveshillingsaobe
thennprofits
ofstock.buttheeas
before,thepetitiohedifferentcapitalsof
individualsintoe.
theyeadvantagesanddisadvantages.
thenproportioalandprofit,therefore,
e,andnsequentlytheofney;
nlybegivenfortheuseofneybeingnecessarily
regulatedbynlybedebytheuseofit.
anyinoditiesannually
circulatedoneyh
circulatedtheeihesa,hentrary,
produportanteffects,besidesthatofraisingthe
valueoftheheight
nonallybethesa,eght
ntiobeexpressedbythesaquantityofney,butit
ndagreaterquantityoflabour.thequantityof
produploywouldbe
increased,andnsequentlythedendforthatlabour.itswages
and,aappearto
sink.theyghtbepaidoney,but
thatsllerquantityghtpurchaseagreaterquantityofgoods
thaerhaddonebefore.theprofitsofstockwouldbe
dihreallyandinappearahealof
theuntrybeingaughepetitiohe
differentcapitalsofposedurallybe
augntedalonghit.theohoseparticularcapitals
selvesallerproportion
oftheproduceofthatlabourheirrespectivecapitals
eloyed.theiofney,keepingpacealhthe
profitsofstock,ght,inthisnner,begreatlydinished,
thoughthevalueofney,orthequantityofgoodshany
particularsuldpurchase,ented.
insouheiofneyhasbeenprohibited
bylaethingeveryadebytheuseof
ney,sothingoughteveryobepaidfortheuseofit.
thisregulation,insteadofpreventing,hasbeenfoundfrobr >
experieoiheevilofusury;thedebtorbeing
obligedtopay,notonlyfortheuseoftheney,butforthe
riskpensationforthat
use.heisobliged,ifoneysayso,toinsurehiscreditor
frohepenaltiesofusury.
inued,thelaw,inorder
topreveortionofusury,generallyfixesthehighest
rateakenhoutincurriy.thisrate
oughtalearketprice,orthe
priohosewho
givethestundoubtedsecurity.ifthislegalrateshould
befixedbeloarketrate,theeffectsofthis
fixationstbenearlythesaasthoseofatotalprohibition
ofihecreditoroneyforlessthan
theuseofitisustpayhiortherisk
ingthefullvalueofthatuse.ifitis
fixedpreciselyattheloarketprice,itruinshho
people,thelaheiruntry,thecreditofall
thosegivetheverybests
...