“It would be too ridiculous to go about seriously to prove that wealth does not consist in money, or in gold and silver; but in what money purchases, and is valuable only for purchasing. Money no doubt, makes always a part of the national capital; but it has already been shown that it generally makes but a small part, and always the most unprofitable part of it.”

—  Adam Smith

Source: (1776), Book IV, Chapter I, p. 470.

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Scottish moral philosopher and political economist 1723–1790

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