<TD></TD></TABLE>
itisabadlaovableeffesettlingintheuntry;and,inshort,becauseitybeeluded
16theassistanoneyiftheprintoittaninistrationonthentrary,ployedtoadvancespecie,theirartnsistsinprocuringthegreatestprofitfortheuseofit,houtbeingliabletobechargedhusury
17ofpubliaginedthatitultipliedrichesbyincreasingthecirculation
thoseoney,oraerthegoventfortheieybutletusseetheinnveniencesit
1ifforeignerspossesschpaperforinterest
2inanationthatisthusperpetuallyindebt,theexchangestbeverylow
3thetaxesraisedforthepayntoftheinterestofthedebtareaninjurytothenufactures,byraisingthepriceoftheartificerslabour
4ittakesthetruerevenueofthestatefrohoseivityandindustry,tonveyittotheindolent;thatis,itgivesfacilitiesforlabourtothosehdifficultiesthosewhodowork
theseareitsinnveniences:iknoeofathousandcroployedonehalfoftheirine,thatis,fivethousandcroheinterestofahundredthousandcroheyhadborrohers,thatstillothestateasthousandcrohatis,inthelanguageofthealgebraists,200,000crororowns200,000
peoplearethroothiserrorbyreflectingthatthepapersthedebtofanationisthesignofriches;foonebutarichstatecansupportsuchpaperhoutfallingintodecayandifitdoesnotfall,itisaproofthatthestatehasotherrichesbesidestheysaythatitisnotanevil,becausethereareresourcesagainstit;andthatitisanadvantage,sincetheseresourcessurpasstheevil
18ofthepayntofpublicdebtsitisnecessarythatthereshouldbeaproportionbetaybeacreditortoinfinity,butitcanonlybeadebtortoacertaindegree,andsurpassesthatdegreethetitleofcreditorvanishes
iftheish,itydosofeurope;32thatis,ityrequireagreatquantityofspeburseeveryindividual,atleastiftheyreducetheirinteresthestateborroheindividualsfixthe
interest;pays,theinterestforthefutureisfixedbythestate
itisnotsuffitheadvantageofthereduction,inordertopayeveryyearapartofthecapital:aproceedingsohappythatitssuccessincreaseseveryday
hecreditofthestateisnotentire,thereisaneasinkingfund,becausethisfundbeingonceestablishedhepublifidence
1ifthestateisarepublientofaybeinnsiderable;butitisneuchgreater
2theregulationsoughttobesoorderedthatallthesubjeaysupporttheentofthesefunds,beshentributes,payshielf
3therearefourenagine,oughtleasttobespared,beadeonaadeonall;astheinisters,andaldiateinspeasingularprotection,thatthepartayneverhavetheleastadvantageoverthathecreditor
19oflendinguponinterestspecieisthesignofvalueitisevidentthatheaybeeitherhiredorbought;oney,hepriceofthings,canonlybehired,andnotbought33
tolendneyelygood;butitisobviousthatitisonlyaunselofreligion,andnotacivillaw
inorderthattradeybesuererceerchantakenothing
iaistakenakeitnecessaryusuryablished,buthallthedisordershhasbeennstantlyattended
thelaetnfoundusuryetanuntriesinproportionto
... </P></TD>
itisabadlaovableeffesettlingintheuntry;and,inshort,becauseitybeeluded
16theassistanoneyiftheprintoittaninistrationonthentrary,ployedtoadvancespecie,theirartnsistsinprocuringthegreatestprofitfortheuseofit,houtbeingliabletobechargedhusury
17ofpubliaginedthatitultipliedrichesbyincreasingthecirculation
thoseoney,oraerthegoventfortheieybutletusseetheinnveniencesit
1ifforeignerspossesschpaperforinterest
2inanationthatisthusperpetuallyindebt,theexchangestbeverylow
3thetaxesraisedforthepayntoftheinterestofthedebtareaninjurytothenufactures,byraisingthepriceoftheartificerslabour
4ittakesthetruerevenueofthestatefrohoseivityandindustry,tonveyittotheindolent;thatis,itgivesfacilitiesforlabourtothosehdifficultiesthosewhodowork
theseareitsinnveniences:iknoeofathousandcroployedonehalfoftheirine,thatis,fivethousandcroheinterestofahundredthousandcroheyhadborrohers,thatstillothestateasthousandcrohatis,inthelanguageofthealgebraists,200,000crororowns200,000
peoplearethroothiserrorbyreflectingthatthepapersthedebtofanationisthesignofriches;foonebutarichstatecansupportsuchpaperhoutfallingintodecayandifitdoesnotfall,itisaproofthatthestatehasotherrichesbesidestheysaythatitisnotanevil,becausethereareresourcesagainstit;andthatitisanadvantage,sincetheseresourcessurpasstheevil
18ofthepayntofpublicdebtsitisnecessarythatthereshouldbeaproportionbetaybeacreditortoinfinity,butitcanonlybeadebtortoacertaindegree,andsurpassesthatdegreethetitleofcreditorvanishes
iftheish,itydosofeurope;32thatis,ityrequireagreatquantityofspeburseeveryindividual,atleastiftheyreducetheirinteresthestateborroheindividualsfixthe
interest;pays,theinterestforthefutureisfixedbythestate
itisnotsuffitheadvantageofthereduction,inordertopayeveryyearapartofthecapital:aproceedingsohappythatitssuccessincreaseseveryday
hecreditofthestateisnotentire,thereisaneasinkingfund,becausethisfundbeingonceestablishedhepublifidence
1ifthestateisarepublientofaybeinnsiderable;butitisneuchgreater
2theregulationsoughttobesoorderedthatallthesubjeaysupporttheentofthesefunds,beshentributes,payshielf
3therearefourenagine,oughtleasttobespared,beadeonaadeonall;astheinisters,andaldiateinspeasingularprotection,thatthepartayneverhavetheleastadvantageoverthathecreditor
19oflendinguponinterestspecieisthesignofvalueitisevidentthatheaybeeitherhiredorbought;oney,hepriceofthings,canonlybehired,andnotbought33
tolendneyelygood;butitisobviousthatitisonlyaunselofreligion,andnotacivillaw
inorderthattradeybesuererceerchantakenothing
iaistakenakeitnecessaryusuryablished,buthallthedisordershhasbeennstantlyattended
thelaetnfoundusuryetanuntriesinproportionto
... </P></TD>