...All loans at intereft, though made in money or paper, are in reality a transfer of a certain portion of the annual produce of the land and labour of the country, to be employed as the borrower pleafes. The fame pieces of money may ferve fuccefiively as the inftruments...

...All loans at interest, though made in money or paper, are in reality a transfer of a certain portion of the annual produce of the land and labour of the country, to be employed as the borrower pleafes. The fume pieces of money may ferve fucceffively as the inftruments...

...All loans at intereft, though made in money or paper, are in reality a transfer ota certain portion of the annual produce of the land and labour of the country, to be employed as the borrower pleafes. The fame pieces of money may ferve fucceffively as the inftruments...

...productive hands, whofe labour would have replaced, with a profit, the whole value of their confumption. The value of the annual produce of the land and labour of the country, would have been confiderably increafed by it every year, and every year's increafe would have augmented...

...productive hands, whofe labour would have replaced, with a profit, the whole value of their confumption. The value of the annual produce of the land and labour of the country, would have been confiderably increafed by it every year, and every year's increafe would have augmented...

...collectively, amounts always to by much the largeft portion of the whole expence of the fociety ; what remains, of the annual produce of the land and labour of the country for the confumption of the fuperior ranks, being always much lefs, not only in quantity but in value....

...certain quantity of food and clothing, which ought to have maintained productive, employed in maintaming unproductive hands. Every year, therefore, there would...country. ' THIS expence, it may be faid indeed, not being in foreign goods, and not occafioning any exportation of gold and filver, the fame quantity of...

...relative' proportion of revenue,) " naturally tends to increafe " the real quantity of induftry, — the value of the " annual produce of the land and labour of the "country, — ihe real wealth of all its inhabitants':'-* Such is the reafoning with which this acute writer...

...Every year there would ftill be a certain quantity of food and clothing, which onght to have maintained productive, employed in maintaining unproductive hands....been the value of the annual produce of the land and labor of the country. This expenfe, it may be fajd indeed, not being in foreign goods, and not occafioning...

...year there would flill be a certain quantity of food and cloathing, which ought to have maintained productive, employed in maintaining' unproductive...there would ftill be fome diminution in what would othcrwife have been the value of the annual produce of the land and labour, of the country. THIS expence,...