Utility then is not the measure of exchangeable value, although it is absolutely essential to it.

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

Nothing contributes so much to the prosperity and happiness of a country as high profits.

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.

Taxation under every form presents but a choice of evils.

Experience, however, shows that neither a state nor a bank ever have [sic] had the unrestricted power of issuing paper money without abusing that power; in all states, therefore, the issue of paper money ought to be under some check and control; and none seems so proper for that purpose as that of subjecting the issuers of paper money to the obligation of paying their notes either in gold coin or bullion.

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