Quote#Money & Wealth
Whether a bank lent one million, ten million, or a hundred millions,…
Quote byDavid Ricardo · 1772–1823
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XXVII, Currency and Banks, p. 246.
English (original)
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.
— David Ricardo
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