“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

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XXVII, Currency and Banks, p. 246

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Whether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate o…" by David Ricardo?

David Ricardo 37

British political economist, broker and politician 1772–1823

Related quotes

“The millions are awake enough for physical labor; but only one in a million is awake enough for effective intellectual exertion, only one in a hundred millions to a poetic or divine life. To be awake is to be alive.”

Henry David Thoreau book Walden ou la vie dans les bois

Source: Walden

“I encounter millions of bodies in my life; of these millions, I may desire some hundreds; but of these hundreds, I love only one.”

Roland Barthes book A Lover's Discourse: Fragments

Source: A Lover's Discourse: Fragments

“I was worth about over a million dollars when I was twenty-three and over ten million dollars when I was twenty-four, and over a hundred million dollars when I was twenty-five and it wasn't that important because I never did it for the money.”

Steve Jobs (1955–2011) American entrepreneur and co-founder of Apple Inc.

Interview in the PBS documentary Triumph of the Nerds: The Rise of Accidental Empires (1996)
1990s

“Put the guns into our hands and we will use them. Give us the slogans and we will turn them into realities. Sing the battle hymns and we will take them up where you left off. Not one, not ten, not ten thousand, not a million, not ten millions, not a hundred millions but a billion, two billions of us all — the people of the world.”

Dalton Trumbo book Johnny Got His Gun

Johnny Got His Gun (1938)
Context: Put the guns into our hands and we will use them. Give us the slogans and we will turn them into realities. Sing the battle hymns and we will take them up where you left off. Not one, not ten, not ten thousand, not a million, not ten millions, not a hundred millions but a billion, two billions of us all — the people of the world. We will have the slogans and we will have the hymns and we will have the guns and we will use them and we will live. Make no mistake of it, we will live. We will be alive and we will walk and talk and eat and sing and laugh and feel and love and bear our children in tranquillity, in security, in decency, in peace. You plan the wars, you masters of men — plan the wars and point the way and we will point the gun.

“I, at any rate, acknowledge only one master, not forty-five million two-legged sheep, or two thousand million, but simply and absolutely the spirit.”

Olaf Stapledon book Sirius

Source: Sirius (1944), Chapter XII Farmer Sirius (an answer to Plaxy's rant about democracy).

“Ten people who know would be more dangerous than a million armed anarchists.”

Robert Anton Wilson (1932–2007) American author and polymath

Hugh Crane a.k.a. Cagliostro the Great, in Schrödinger's Cat Trilogy : The Trick Top Hat (1979)
Context: There is no governor anywhere; you are all absolutely free. There is no restraint that cannot be escaped. We are all absolutely free. If everybody could go into dhyana at will, nobody could be controlled — by fear of prison, by fear of whips or electroshock, by fear of death, even. All existing society is based on keeping those fears alive, to control the masses. Ten people who know would be more dangerous than a million armed anarchists.