David Ricardo – ThisIsCommonSense.org

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The demand for money is regulated entirely by its value, and its value by its quantity.

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Thought of the Day

The sense of capitalism sobered and dignified Paul de Florac: at the age of five-and-forty he was actually giving up being a young man, and was not ill pleased at having to enlarge his waistcoats, and to show a little grey in his moustache. His errors were forgotten: he was bien vu by the Government. He might have had the Embassy Extraordinary to Queen Pomaré; but the health of Madame la Princesse was delicate. He paid his wife visits every morning: appeared at her parties and her opera box, and was seen constantly with her in public.
William Makepeace Thackeray, The Newcomes: Memoirs of a Most Respectable Family (1854-1855), Chapter XLVI: “The Hotel de Florac.” Perhaps the very first use of the word “capitalism” in English literature.

— William Makepeace Thackeray