Nor has any alteration been occasioned by the paper-money, in the price of the necessaries of life, when compared with silver: they have been for the greatest part of the time no higher than before it was emitted; varying only by plenty and scarcity, or by a less or greater foreign demand.
Franklin observes that paper money has not significantly affected the prices of necessities compared to silver.
Share
More from Benjamin Franklin
Taxes paid in Britain by the landholder or artificer must enter into and increase the price of the produce of land and manufactures made of it; and great part of this is paid by consumers in the colonies, who thereby pay a considerable…
The establishing of new colonies westward on the Ohio and the lakes (a matter of considerable importance to the increase of British trade and power, to the breaking that of the French, and to the protection and security of our present…
Believing therefore, that it is my duty, I shall honestly speak my mind in the following paper.
Each union would separately be weaker than when joined by the whole, obliged to exert more force, be oppressed by the expence, and the enemy less deterred from attacking it.
Other voices in this conversation
