An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations. - Designed To Shew How The Prosperity Of The British Empire - May Be Prolonged by William Playfair
page 234 of 470 (49%)
page 234 of 470 (49%)
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being a general manner, but depending on circumstances, shall be
treated of when investigating the increasing danger, arising from this cause, in the English nation. It remains at present for us to examine another evil attendant on the inadequacy of the soil to supply the consumption of a country. One of the most alarming circumstances attendant on this situation of things is, that provisions become an object of monopoly, and the most dangerous and destructive of all objects. The law has interfered in regulating the interest of money, but not in the rent of houses or of other use of property. Circumstances may occur, in which the necessity of procuring a loan of money is so great, as to induce the borrower to engage to pay an interest that would be ruinous to himself, and that would grant the lender the means of extortion, or of obtaining exorbitant profit. The same interference would be just as reasonable, wherever the same sort of necessity, by existing, puts one man in the power of another. This is the case with every necessary article of provision, which, indeed, may be considered as all one article, for the price of one is connected with the prices of all the others. Provisions, indeed, are, in general, articles that cannot be preserved for any very great length of time; but then, again, they are articles of a nature that the consumers must have within a limited time also, and for which they are inclined to give an exorbitant price rather than not to have. The interference of the law between a man and the use of his property, ought to be as seldom as possible; but it has never been maintained as a general principle, that it ought never to interfere. [end of page #148] If it is at any time, or in any case, right to interfere |
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