Investing · Western classics

Adam Smith:The Wealth of Nations, Book V, Chapter III, Paragraph 2127

Adam Smith《The Wealth of Nations》· Book V, Chapter III · Investing

In 1711, the same duties (which at this time were thus subject to four different anticipations), together with several others, were continued for ever, and made a fund for paying the interest of the capital of the South-sea company, which had that year advanced to government, for paying debts, and making good deficiencies, the sum of £9,177,967:15:4d, the greatest loan which at that time had ever been made.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book V, Chapter III, paragraph 2127 · 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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