A Quote by David Ricardo

Gold, on the contrary, though of little use compared with air or water, will exchange for a great quantity of other goods. — © David Ricardo
Gold, on the contrary, though of little use compared with air or water, will exchange for a great quantity of other goods.
Where there are few people, and a great quantity of fertile land, the power of the earth to afford a yearly increase of food may be compared to a great reservoir of water, supplied by a moderate stream. The faster population increases, the more help will be got to draw off the water, and consequently an increasing quantity will be taken every year. But the sooner, undoubtedly, will the reservoir be exhausted, and the streams only remain.
Wherever love comes from, whatever is its genesis, it isn’t like a quantity of gold or diamonds, even water in the earth-a fixed quantity, Fos thought. You can’t use up love, deplete it at its source. Love exists beyond fixed limits. Beyond what you can see or count.
The great society is a place where men are more concerned with the quality of their goods than with the quantity of their goods.
Value is the life-giving power of anything; cost, the quantity of labour required to produce it; its price, the quantity of labourwhich its possessor will take in exchange for it.
Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of final payment for such goods on the market.
Special care should be taken of the health of the inhabitants, which will depend chiefly on the healthiness of the locality and of the quarter to which they are exposed, and secondly on the use of pure water; this latter point is by no means a secondary consideration. For the elements which we use the most and oftenest for the support of the body contribute most to health, and among those are water and air. Wherefore, in all wise states, if there is want of pure water, and the supply is not all equally good, the drinking water ought to be separated from that which is used for other purposes.
Gold actually has properties - you can use gold for all sorts of things. People value gold for the metal. Nobody values bitcoin for the bitcoin; they value it because they believe that they can exchange it for something else.
Everything is valuable under the right conditions. To a man dying of thirst, water be more precious than gold. To a drowning man, water be of little worth and great trouble.
Prosperity has nothing to do with the quantity of money that we have in our pockets, but rather with the quantity of goods that we can buy.
If a rock, though extremely hard, can be hollowed out by water, how much more so should it be possible for The Light, which is compared to water, to change my heart. I will begin to study it, and try to become a scholar of The Light.
It is better to read a little and thoroughly than cram a crude undigested mass into my head, though it be great in quantity.
Value denotes a relation reciprocally existing between two objects, and the precise relation which it denotes is the quantity of the one which can be obtained in exchange for a given quantity of the other.
There are so many currency exchange rate problems that people are buying gold as a safe haven. Right now, gold looks like a safe haven if international exchange rates break down.
I may be expediting the attainment of an object that will in time be found of great importance to mankind; so much so, that a new era in society will commence from the moment that aerial navigation is familiarly realised. . . . I feel perfectly confident, however, that this noble art will soon be brought home to man's convenience, and that we shall be able to transport ourselves and our families, and their goods and chattels, more securely by air than by water, and with a velocity of from 20 to 100 miles per hour.
While other individuals or institutions obtain their income by production of goods and services and by the peaceful and voluntary sale of these goods and services to others, the State obtains its revenue by the use of compulsion; that is, by the use and the threat of the jailhouse and the bayonet.
My treasure chest is filled with gold. Gold . . . gold . . . gold . . . Vagabond's gold and drifter's gold . . . Worthless, priceless, dreamer's gold . . . Gold of the sunset . . . gold of the dawn . . .Gold of the showertrees on my lawn . . . Poet's gold and artist's gold . . . Gold that can not be bought or sold - Gold.
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