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Quotation of the Day for April 20, 2012"The distance of China is a physical impediment to the communication, by reducing our commerce to a few commodities; and by heightening the price of these commodities, on account of the long voyage, the monopolies and the taxes. A Chinese works for three-halfpence a day, and is very industrious. Were he as near us as France or Spain, every thing we use would be Chinese, till money and prices came to a level; that is, to such a level as is proportioned to the numbers of people, industry, and commodities of both countries." - David Hume, from a 1750 letter. Submitted by: Mike Krawchuk Apr. 19, 2012  |
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