Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.

There can be no greater error then in supposing that capital is increased by non-consumption.

Called an inquiry into the laws which determine the division of the produce.

Whenever the current of money is forcibly stopped, and when money is prevented from settling at its just level, there are no limits to the possible variations of the exchange.

The wheat bought by a farmer to sow is comparatively a fixed capital to the wheat purchased by a baker to make into loaves.

The variation in the value of money, however great, makes no difference in the rate of profits.

There is no way of keeping profits up but by keeping wages down.