There Can Be No Greater Error Then

There Can Be No Rise In The Value Of Labour Without A Fall Of Profits.

After All The Fertile Land In The Immediate Neighbourhood Of The First Settlers Were Cultivated, If Capital And Population Increased, More Food Would Be Required, And It Could Only Be Procured From Land Not So Advantageously Situated.

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

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.

In The Same Manner If Any Nation Wasted Part Of Its Wealth, Or Lost Part Of Its Trade, It Could Not Retain The Same Quantity Of Circulating Medium Which It Before Possessed.