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?©d?©ric, 1801-1850

"Essays on Political Economy"

"
It is Peter who is deceived, and John suffers; the false system of the
legislator necessarily becomes the rule of action of whole populations.
And observe the difference. When you have money, and are very hungry,
whatever your theory on cash may be, what do you do?
B. I go to a baker's, and buy some bread.
F. You do not hesitate about getting rid of your money?
B. The only use of money is to buy what one wants.
F. And if the baker should happen to be thirsty, what does he do?
B. He goes to the wine merchant's, and buys wine with the money I have
given him.
F. What! is he not afraid he shall ruin himself?
B. The real ruin would be to go without eating or drinking.
F. And everybody in the world, if he is free, acts in the same manner?
B. Without a doubt. Would you have them die of hunger for the sake of
laying by pence?
F. So far from it, that I consider they act wisely, and I only wish
that the theory was nothing but the faithful image of this universal
practice. But, suppose now that you were the legislator, the absolute
king of a vast empire, where there were no gold mines.
B. No unpleasant fiction.
F. Suppose, again, that you were perfectly convinced of this,--that
wealth consists solely and exclusively in cash; to what conclusion would
you come?
B. I should conclude that there was no other means for me to enrich my
people, or for them to enrich themselves, but to draw away the cash from
other nations.


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