Whether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate of interest; they would alter only the value of the money they issued.


Chapter XXVII, Currency and Banks, p. 246 - The Principles of Political Economy and Taxation (1821) (Third Edition)

David Ricardo Quotes

Whether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate of interest; they would alter...

Whether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate of interest; they would alter...

Whether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate of interest; they would alter...

Whether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate of interest; they would alter...