The Rise of Prices.
The rise in prices would regularly occur only as the new silver or paper was put out, but as the consequences would all be discounted it would be sudden and rapid. It would not, however, affect all things at the same time or to an equal degree. It is here that one of the first disappointments would occur. It is not possible to put up prices when and as one would like to do it, even when the rise is due to inflation. The effect cannot all be distributed at once. An advance in price reacts on business relations, that is, on the industrial organization. Many people and many interests find that they cannot push against others until long after they have been pushed against themselves. The wages class and the farmers are the ones who are most clearly in this position, at least as far as the latter do not produce articles for export. It must be plain that in such a convulsion of the market everybody will try to save himself at the expense of others. Who will succeed? Those certainly who spend their lives in the market and already possess the control of its machinery; not those whose time is occupied in the details of production.