During the period of capital moving from one employment to another, the profits on that to which capital is flowing will be relatively high, but will continue so no longer than till the requisite capital is obtained.

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

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

If the demand for home commodities should be diminished, because of the fall of rent on the part of the landlords, it will be increased in a far greater degree by the increased opulence of the commercial classes.

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

Taxation under every form presents but a choice of evils.

The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error in that science.