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Paper Money Quotes by David Ricardo

1 Paper Money quote by David Ricardo

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

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David Ricardo has 43 quotes on this site. A few more worth reading:

If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of productive industry;…
It is here we come to the heart of the matter. The economic principle of comparative advantage', 'a country may, in return…
Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.
By far the greatest part of those goods which are the objects of desire, are procured by labour and they may be…
For price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid.
Gold, on the contrary, though of little use compared with air or water, will exchange for a great quantity of other goods.
There is no way of keeping profits up but by keeping wages down....
A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in…
After all the fertile land in the immediate neighbourhood of the first settlers were cultivated, if capital and population increased, more food…
A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason…
The exchangeable value of all commodities rises as the difficulties of their production increase.
In the same manner if any nation wasted part of its wealth, or lost part of its trade, it could not retain…

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Popular Paper Money quotes from across the collection:

The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is… — Henry Hazlitt
Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power. — David Ricardo
Gold is not less but more rational than paper money. Money holds value so long as it is in limited supply; gold… — William E. Rees
Gold is unique because it has the age-old aspect of being viewed as a store of value. Nevertheless, it’s still a commodity… — Seth Klarman
That paper money has some advantages is admitted. But that its abuses also are inevitable and, by breaking up the measure of… — Thomas Jefferson
Mere opinions, in fact, were as likely to govern people's actions as hard evidence, and were subject to sudden reversals as hard… — Kurt Vonnegut
But if in the pursuit of the means we should unfortunately stumble again on unfunded paper money or any similar species of… — George Washington
More paper money cannot make a society richer, of course — it is just more printed paper. Otherwise, why is it that… — Hans-Hermann Hoppe
When paper money systems begin to crack at the seams, the run to gold could be explosive. — Harry Browne
In the long run, the gold price has to go up in relation to paper money. There is no other way. To… — Unknown Author
The history of paper money is an account of abuse, mismanagement, and financial disaster. — Richard Ebeling
We are in a world of irredeemable paper money - a state of affairs unprecedented in history. — Unknown Author

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