Taxation under every form presents but a choice of evils.

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.

It has therefore been justly observed that however honestly the coin of a country may conform to its standard, money made of gold and silver is still liable to fluctuations in value, not only to accidental, and temporary, but to permanent and natural variations, in the same manner as other commodities.

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

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

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