Profits Are Not Made By

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.

The Exchangeable Value Of All Commodities Rises As The Difficulties Of Their Production Increase.

There Can Be No Greater Error Then In Supposing That Capital Is Increased By Non-consumption.

Taxation Under Every Form Presents But A Choice Of Evils.

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.