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Neither A State Nor A Bank Ever Have Had Unrestricted Power Of Issuing Paper Money Without Abusing That Power.
-David Ricardo
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Neither A State Nor A Bank Ever
David Ricardo
Neither A State Nor A Bank Ever Have Had Unrestricted Power Of Issuing Paper Money Without Abusing That Power.
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Paper
Economics
States
More From David Ricardo
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.
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If Then The Prosperity Of The Commercial Classes, Will Most Certainly Lead To Accumulation Of Capital, And The Encouragement Of Productive Industry; These Can By No Means Be So Surely Obtained As By A Fall In The Price Of Corn.
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...i Wish That I May Never Think The Smiles Of The Great And Powerful A Sufficient Inducement To Turn Aside From The Straight Path Of Honesty And The Convictions Of My Own Mind.
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The Farmer And Manufacturer Can No More Live Without Profit Than The Labourer Without Wages.
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Whenever, Then, The Usual And Ordinary Rate Of The Profits Of Agricultural Stock, And All The Outgoings Belonging To The Cultivation Of Land, Are Together Equal To The Value Of The Whole Produce, There Can Be No Rent.
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