Adam Smith：The Wealth of Nations, Book II, Chapter II, Paragraph 740

If they employ it in purchasing goods in one foreign country, in order to supply the consumption of another, or in what is called the carrying trade, whatever profit they make will be in addition to the neat revenue of their own country. It is like a new fund, created for carrying on a new trade; domestic business being now transacted by paper, and the gold and silver being converted into a fund for this new trade.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book II, Chapter II, paragraph 740 · Verified：2026-10-19 · Verification：Exact match

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