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

Gold, on the contrary, though of little use compared with air or water, will exchange for a great quantity of other goods.

If I discover a manure which will enable me to make a piece of land produce 20 per cent more corn, I may withdraw at least a portion of my capital from the most unproductive part of my farm.

If a commodity were in no way useful, - in other words, if it could in no way contribute to our gratification, - it would be destitute of exchangeable value, however scarce it might be, or whatever quantity of labour might be necessary to procure it.

The farmer and manufacturer can no more live without profit than the labourer without wages.

The factors left out of the Ricardian equation are falling wages and idle capacity.

A BOUNTY on the exportation of corn tends to lower its price to the foreign consumer, but it has no permanent effect on its price in the home market.