The Variation In The Value Of Money,

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

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.

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.

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.

If Then The Prosperity Of The Commercial Classes, Will Most Certainly Lead To Accumulation Of Capital, And The Encouragement Of Productive Industry; These Can By No Means Be So Surely Obtained As By A Fall In The Price Of Corn.