There Is No Way Of Keeping Profits

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.

Experience, However, Shows That Neither A State Nor A Bank Ever Have [sic] Had The Unrestricted Power Of Issuing Paper Money Without Abusing That Power; In All States, Therefore, The Issue Of Paper Money Ought To Be Under Some Check And Control; And None Seems So Proper For That Purpose As That Of Subjecting The Issuers Of Paper Money To The Obligation Of Paying Their Notes Either In Gold Coin Or Bullion.

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.

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

It Is Here We Come To The Heart Of The Matter. The Economic Principle Of Comparative Advantage', 'a Country May, In Return For Manufactured Commodities, Import Corn Even If It Can Be Grown With Less Labour Than In The Country From Which It Is Imported