Brief Considerations on the Income Tax and Tariff Reform, in Connection with the Present State of the Currency (Classic Reprint)

Excerpt from Brief Considerations on the Income Tax and Tariff Reform, in Connection With the Present State of the Currency Let the amount of the money in circulation by any rule of law, whether put in operation by the Bank, or immediately by the legislature, be reduced one half, by the same act, the article, which previously sold for one pound, will sell for ten shillings. And, similarly, if the amount of money in circulation be doubled, the article which previously sold for one pound, will sell for two. And this will be the case, whatever be the material of which the circulating medium is constituted, whether gold or silver, or paper, or a mixture of all three. Universally, absolute price will be found to be regulated, not by the value, real or factitious, attached to one or more articles, or by the erection of these articles into a standard or standards, but by the amount of money in circulation at any given time. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.