For there are no theorems in political
economy--but problems only. Certain things being actually so and so; the
question is, _how_ to _do_ so and so with them. Political _philosophy_,
indeed, points to ulterior ends, but even those ends are all practical; and
if you desert the conditions of reality, or of common probability, you may
show forth your eloquence or your fancy, but the utmost you can produce
will be a Utopia or Oceana.
You talk about making this article cheaper by reducing its price in the
market from 8_d_. to 6_d_. But suppose, in so doing, you have rendered your
country weaker against a foreign foe; suppose you have demoralized
thousands of your fellow-countrymen, and have sown discontent between one
class of society and another, your article is tolerably dear, I take it,
after all. Is not its real price enhanced to every Christian and patriot a
hundred-fold?
* * * * *
_All_ is an endless fleeting abstraction; _the whole_ is a reality.
_March_ 31. 1833.
NATIONAL DEBT.--PROPERTY TAX.--DUTY OF LANDHOLDERS.
What evil results now to this country, taken at large, from the actual
existence of the National Debt? I never could get a plain and practical
answer to that question.
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