David Ricardo Quote

If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.

Chapter XVII, Taxes on Other Commodities, p. 168 - The Principles of Political Economy and Taxation (1821) (Third Edition)

If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.

If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.

If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.

If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.