There Can Be No Rise In The

Labour, Like All Other Things Which Are Purchased And Sold... Has Its Natural And Its Market Price.

As The Revenue Of The Farmer Is Realized In Raw Produce, Or In The Value Of Raw Produce, He Is Interested, As Well As The Landlord, In Its High Exchangeable Value, But A Low Price Of Produce May Be Compensated To Him By A Great Additional Quantity.

But A Rise In The Wages Of Labour Would Not Equally Affect Commodities Produced With Machinery Quickly Consumed, And Commodities Produced With Machinery Slowly Consumed.

It Has Therefore Been Justly Observed That However Honestly The Coin Of A Country May Conform To Its Standard, Money Made Of Gold And Silver Is Still Liable To Fluctuations In Value, Not Only To Accidental, And Temporary, But To Permanent And Natural Variations, In The Same Manner As Other Commodities.

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