John Ramsay McCulloch - The Principles of Political Economy (1825)

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It is to labour... and to labour only, that man owes every thing possessed of exchangeable value. Labour is the talisman that has raised him from the condition of the savage — that has changed the desert and the forest into cultivated fields... Labour tho that has covered the earth with cities and the ocean with ships — of wealth that has given us plenty, comfort, and elegance, instead of want, misery, and barbarism.

John Ramsay McCulloch

No arbitrary regulation, no act of the legislature, can add anything to the capital of the country; it can only force it into artificial channels.

John Ramsay McCulloch