If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.

For price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid.

The last point for consideration is the supposed disposition of the people to interfere with the rights of property. So essential does it appear to me, to the cause of good government, that the rights of property should be held sacred, that I would agree to deprive those of the elective franchise against whom it could justly be alleged that they considered it their interest to invade them.

But it is clear that the price of labour has no necessary connection with the price of food, since it depends entirely on the supply of labourers compared with the demand.

Labour, like all other things which are purchased and sold... has its natural and its market price.

Money is neither a material to work upon nor a tool to work with.

It is not by the absolute quantity of produce obtained by either class, that we can correctly judge of the rate of profit, rent, and wages, but by the quantity of labour required to obtain that produce.