David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 154

Gold and silver having been chosen for the general medium of circulation, they are, by the competition of commerce, distributed in such proportions amongst the different countries of the world, as to accommodate themselves to the natural traffic which would take place if no such metals existed, and the trade between countries were purely a trade of barter.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 154 · Verified：2026-10-19 · Verification：Short excerpt

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