Copyright
Joseph Lowe.

The present state of England in regard to agriculture, trade and finance; with a comparison of the prospects of England and France online

. (page 25 of 40)
Online LibraryJoseph LoweThe present state of England in regard to agriculture, trade and finance; with a comparison of the prospects of England and France → online text (page 25 of 40)
Font size
QR-code for this ebook


national evil.

Injurious Effect of Fluctuatio7i in the Value of
Money. — Money, as Dr. Smith remarks, (Book I.
Chap. V.) is, in buying and selhng, an unexception-
able measure of value j and in a contract from year
to year, it is, in general, a safe measure ; but in a
contract of long duration it is far otherwise. How
great was the depreciation of money during the late



.'^-28 FIkcI nation in (he Value of M one if.

wars; and notvvitiistandiiig the various disadvan-
ta£i;c.s attendant on landed property, liow



Online LibraryJoseph LoweThe present state of England in regard to agriculture, trade and finance; with a comparison of the prospects of England and France → online text (page 25 of 40)