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.

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

Money is neither a material to work upon nor a tool to work with.

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.

But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed.

The demand for money is regulated entirely by its value, and its value by its quantity.

Every transaction in commerce is an independent transaction.