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Economics Quote by David Ricardo

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

David Ricardo

About This Quote

Source Treat: Principles of Political Economy, 1817

Unrestricted money issuance leads to abuse of power.

In simple terms: Free printing of money invites corruption.

Key Takeaway

Guard against unchecked monetary authority.

Themes

economics politics power

Mood

cautious analytical

Type

economic political

When to use this quote

  • central banking
  • fiscal policy
  • currency design

Key Concepts

inflation monetary policy government control

Questions to Reflect On

  • What safeguards can prevent monetary abuse?
  • How does modern policy address this risk?
A Different Perspective

Historical contexts differ; some systems have checks.

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