29 Oct. 1800

Polit. Economy

8

An addition made to the money of an individual by importation, or otherwise

without being received and taken from other individuals members of the same

community will make to the amount of his wealth an addition not perceptibly less

than its own amount. But being at the same time an addition to the stock of

money of the community the real addition thus made to the wealth of the

individual will be diminished by a sum which is to the amount of the added money

of the individual as that is to the total stock of money of the community. Stock

of money in the community before the addition 1,000,000. Share of that stock

belonging to the individual, ,1,000: addition, ,1,000 As the ,1,000 is to the

,1,000,000 i:e: as 1 is to ,1,000 so is the defalcation from the quantity of

wealth produced by the /money/ added money to the amount of the money added. He

has now ,2,000 of money: but each ,1,000 instead of being worth 1,000th part of

the wealth is worth no more than 1/999th part The nominal ,2,000 is worth in

fact but ,1,998.