Investing · Western classics
Adam Smith:The Wealth of Nations, Book II, Chapter II, Paragraph 761
Adam Smith《The Wealth of Nations》· Book II, Chapter II · Investing
Had every particular banking company always understood and attended to its own particular interest, the circulation never could have been overstocked with paper money. But every particular banking company has not always understood or attended to its own particular interest, and the circulation has frequently been overstocked with paper money.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book II, Chapter II, paragraph 761 · Verified:2026-10-19 · Verification:Exact match
This is a direct reading: the original and source are kept; commentary will be added later.
Today's question
Does this passage change one judgment about money or risk today?
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