John Ramsay McCulloch quotes

The principle of laissez-faire may be safely trusted to in some things but in many more it is wholly inapplicable; and to appeal to it on all occasions savors more of the policy of a parrot than of a statesman or a philosopher. (John Ramsay McCulloch)
It is to labour... and to labour only, that man owes every thing possessed of exchangeable value. Labour is the talisman that has raised him from the condition of the savage - that has changed the desert and the forest into cultivated fields... Labour tho that has covered the earth with cities and the ocean with ships - of wealth that has given us plenty, comfort, and elegance, instead of want, misery, and barbarism. View quote
John Ramsay McCulloch
Smuggling is a crime, which occupies so prominent a place in the criminal legislation of all modem states, is wholly the result of vicious commercial and financial legislation. View quote
John Ramsay McCulloch
Suppose that a cask of new wine, which cost £50, is put into a cellar, and that, at the end of twelve months, it is worth £55, the question is: Should the £5 of additional value, given to the wine, be considered as a compensation for the time the £50 worth of capital has been locked up, or should it be considered as the value of additional labour actually laid out in the wine? View quote
John Ramsay McCulloch