parts? And here there are two observations to be made. First,--It is a
very unimportant circumstance whether there be much or little cash in
the world. If there is much, much is required; if there is little,
little is wanted, for each transaction: that is all. The second
observation is this:--Because it is seen that cash always reappears in
every exchange, it has come to be regarded as the _sign_ and the
_measure_ of the things exchanged.
B. Will you still deny that cash is the _sign_ of the useful things of
which you speak?
F. A louis[6] is no more the sign of a sack of corn, than a sack of
corn is the sign of a louis.
B. What harm is there in looking at cash as the sign of wealth?
F. The inconvenience is this,--it leads to the idea that we have only
to increase the sign, in order to increase the things signified; and we
are in danger of adopting all the false measures which you took when I
made you an absolute king. We should go still further. Just as in money
we see the sign of wealth, we see also in paper money the sign of money;
and thence conclude that there is a very easy and simple method of
procuring for everybody the pleasures of fortune.
B. But you will not go so far as to dispute that cash is the _measure_
of values?
F. Yes, certainly, I do go as far as that, for
that is precisely where the illusion lies. It has become customary to
refer the value of everything to that of cash. It is said, this is
_worth_ five, ten, or twenty francs, as we say this _weighs_ five, ten,
or twenty grains; this _measures_ five, ten, or twenty yards; this
ground _contains_ five, ten, or twenty acres; and hence it has been
concluded, that cash is the _measure_ of _values_.
B. Well, it appears as if it was so.
Public-domain text, read in full here on John Shaqi.
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