There Can Be No Greater Error Then

I Have Already Expressed My Opinion On This Subject In Treating Of Rent, And Have Now Only Further To Add, That Rent Is A Creation Of Value, As I Understand That Word, But Not A Creation Of Wealth.

Neither Machines, Nor The Commodities Made By Them, Rise In Real Value, But All Commodities Made By Machines Fall, And Fall In Proportion To Their Durability.

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

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.

Neither A State Nor A Bank Ever Have Had Unrestricted Power Of Issuing Paper Money Without Abusing That Power.