“Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.”

A BOUNTY on the exportation of corn tends to lower its price to the foreign consumer, but it has no permanent effect on its price in the home market.

A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money.

Utility then is not the measure of exchangeable value, although it is absolutely essential to it.

The factors left out of the Ricardian equation are falling wages and idle capacity.

Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.

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.

The demand for money is regulated entirely by its value, and its value by its quantity.

If English money was of the same value then as before, Hamburgh money must have risen in value. But where is the proof of this?

Profits are not made by differential cleverness, but by differential stupidity.

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.

Rent is the portion of the earth, which is paid to the landlord for the user of the original and indestructible powers of the soil

Nothing contributes so much to the prosperity and happiness of a country as high profits.

If a commodity were in no way useful, – in other words, if it could in no way contribute to our gratification, – it would be destitute of exchangeable value, however scarce it might be, or whatever quantity of labour might be necessary to procure it.

Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.

If the demand for home commodities should be diminished, because of the fall of rent on the part of the landlords, it will be increased in a far greater degree by the increased opulence of the commercial classes.

There is no way of keeping profits up but by keeping wages down.

At the end of your life, it’s friendships, emotions and thoughts that you take with you, rather than what’s in your bank account.

I hesitate to deposit money in a bank. I am afraid I shall never dare to take it out again.

The Oslo Accords in 1993 determined that the Gaza Strip and the West Bank are a single territorial entity which cannot be divided.

The European Central Bank has only the first. It has no commitment to keep employment up.

Eventually the banking systems of all advanced economies reach magnitudes of 500 percent,

Non-trivial understanding of the financial sector, credit, and the banking system.

The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed.

Banks have a new image. Now you have ‘a friend,’ your friendly banker. If the banks are so friendly, how come they chain down the pens?