#commodities

But if inventions have increased man's power over nature very much, then the real value of money is better measured for some purposes in labour than in commodities. ↗

— Alfred Marshall

#commodities #increased #inventions #labour #man

When not only gold but all commodities are available for the redemption of the paper currency, its volume is limited only by the value of all the wealth of the country, and it can never become insecure up to this limit. ↗

— John Buchanan Robinson

#become #commodities #country #currency #gold

Soaring prices for crude oil, falling production surpluses, wild speculation in commodities, a rush into the precious metals, turmoil in the Middle East, assertive oil producers: it is 1973-74 all over again, and at dictation speed. ↗

— James Buchan

#assertive #commodities #crude #crude oil #dictation

Over time, there's a very close correlation between what happens to the dollar and what happens to the price of oil. When the dollar gets week, the price of oil, which, as you know, and other commodities are denominated in dollars, they go up. We saw it in the '70s, when the dollar was savagely weakened. ↗

— Steve Forbes

#close #commodities #correlation #dollar #dollars

Every wise, just, and mild government, by rendering the condition of its subjects easy and secure, will always abound most in people, as well as in commodities and riches. ↗

— David Hume

#always #commodities #condition #easy #every

Now, what produces a want of demand? A refusal to take from other countries the commodities which they produce. ↗

— Joseph Hume

#countries #demand #now #other #other countries

When goods are exchanged between countries, they must be paid for by commodities or gold. They cannot be paid for by the notes, certificates, and checks of the purchaser's country, since these are of value only in the country of issue. ↗

— Carroll Quigley

#cannot #certificates #checks #commodities #countries

But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed. ↗

— David Ricardo

#commodities #consumed #equally #labour #machinery