Rent Is The Portion Of The Earth,

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.

Adam Smith, And Other Able Writers To Whom I Have Alluded, Not Having Viewed Correctly The Principles Of Rent, Have, It Appears To Me, Overlooked Many Important Truths, Which Can Only Be Discovered After The Subject Of Rent Is Thoroughly Understood.

The Wheat Bought By A Farmer To Sow Is Comparatively A Fixed Capital To The Wheat Purchased By A Baker To Make Into Loaves.

Gold And Silver Are No Doubt Subject To Fluctuations, From The Discovery Of New And More Abundant Mines; But Such Discoveries Are Rare, And Their Effects, Though Powerful, Are Limited To Periods Of Comparatively Short Duration.

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.