Investing · Western classics
David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 334
David Ricardo《On the Principles of Political Economy and Taxation》· On the Principles of Political Economy and Taxation · Investing
It must, however, be conceded, that the tendency of a bounty on the exportation of any commodity is to lower in a small degree the value of money. Whatever facilitates exportation, tends to accumulate money in a country; and on the contrary, whatever impedes exportation, tends to diminish it. The general effect of taxation, by raising the prices of the commodities taxed, tends to diminish exportation, and therefore to check the influx of money; and on the same principle, a bounty encourages the influx of money. This is more fully explained in the general observations on taxation.
Source：
https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 334 · Verified：2026-10-19 · Verification：Short excerpt
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