Economics Quote by David Ricardo
“Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.”
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.
Guard against unchecked monetary authority.
Themes
Mood
Type
When to use this quote
- central banking
- fiscal policy
- currency design
Key Concepts
Questions to Reflect On
- What safeguards can prevent monetary abuse?
- How does modern policy address this risk?
Historical contexts differ; some systems have checks.