[ 9 ]
The effects of this vast and sudden increase of riches are no less evident than their cause: the first, and most obvious effect of the increase of money, is the decrease of its value, like that of all other commodities; for money being but a commodity, its value must be relative, that is, dependant on the quantity of itself, and the quantity of the things to be purchased with it. In every country where there is great plenty of provisions, and but little money, there provisions must be cheap, that is, a great deal of them will be exchanged for a little money: on the contrary, where there are but little provisions in proportion to the number of consumers, and a great plenty of money, or what passes for money, there they will inevitably be dear; that is, a great deal of money must be given to purchase them. These effects must eternally follow their causes in all ages and in all countries; and that they have done so, the history of all countries in all ages suf-
