Neither A State Nor A Bank Ever

A Bounty On The Exportation Of Corn Tends To Lower Its Price To The Foreign Consumer, But It Has No Permanent Effect On Its Price In The Home Market.

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.

Profits Are Not Made By Differential Cleverness, But By Differential Stupidity.

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

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