The Demand For Money Is

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.

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

For Price Is Everywhere Regulated By The Return Obtained By This Last Portion Of Capital, For Which No Rent Whatever Is Paid.

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.

If I Discover A Manure Which Will Enable Me To Make A Piece Of Land Produce 20 Per Cent More Corn, I May Withdraw At Least A Portion Of My Capital From The Most Unproductive Part Of My Farm.