The Farmer And Manufacturer Can

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

A Rise In Wages, From An Alteration In The Value Of Money, Produces A General Effect On Price, And For That Reason It Produces No Real Effect Whatever On Profits.

Gold And Silver Are No Doubt Subject To Fluctuations, From The Discovery Of New And More Abundant Mines; But Such Discoveries Are Rare, And Their Effects, Though Powerful, Are Limited To Periods Of Comparatively Short Duration.

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.

I Have Already Expressed My Opinion On This Subject In Treating Of Rent, And Have Now Only Further To Add, That Rent Is A Creation Of Value, As I Understand That Word, But Not A Creation Of Wealth.