Rent Is The Portion Of

The Produce Of The Earth - All That Is Derived From Its Surface By The United Application Of Labour, Machinery, And Capital, Is Divided Among Three Classes Of The Community, Namely, The Proprietor Of The Land, The Owner Of The Stock Or Capital Necessary For Its Cultivation, And The Labourers By Whose Industry It Is Cultivated.

Neither A State Nor A Bank Ever Have Had Unrestricted Power Of Issuing Paper Money Without Abusing That Power.

The Demand For Money Is Regulated Entirely By Its Value, And Its Value By Its Quantity.

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.

Whether A Bank Lent One Million, Ten Million, Or A Hundred Millions, They Would Not Permanently Alter The Market Rate Of Interest; They Would Alter Only The Value Of The Money They Issued.