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14 Decr 1801
Maximum
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for this admission, I am more than half inclined to demand another – {viz: that
with an ordinary measure of attention – with that measure of attention which no
reasonable and candid observer can expect to find wanting either on the part
either of Administration or of Parliament,} it would in such a case be little,
if at all, less easy to avoid making one.
Look at the name only and no deeper famine stares you in the face: look a hairs
breadth deeper – the danger vanishes.
As for example suppose the price reduced by a maximum to whatever mark it is
proposed to redeem it by importation – where in that case is the famine?
Importation, it is true, encreases quantity, and in that way lowers price,
whereas a maximum would if successful[?] reduce price without encrease of
quantity. True: but on the other hand encrease of price it is equally well known
is out of all proportion to deficiency of quantity: - but of this a little
further on.
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