Hints on Practical Political Economy

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Excerpt from Hints on Practical Political Economy: In Two Letters, to the Country Bankers, and the Landed InterestAs Mr. Tooke's book has been frequently quoted, I remark that the inference he draws, that the amount of the Currency governs the price of Com, is putting cause for effect. When Corn is cheap, less Circulating Medium is wanted to buy it, and there is of course less afloat, and the reverse of what Mr. Tooke states, is the fact, viz. That the price of Com governs the quantity of Circulating Medium.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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.