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

Like all other contracts, wages should be left to the fair and free competition of themarket, and should never be controlled by the interference of the legislature.

Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.

Whether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate of interest; they would alter only the value of the money they issued.

A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whatever on profits.

The price of corn will naturally rise with the difficulty of producing the last portions of it.

Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production.