Note 185-5 — Chapter IV
John J. (John Joseph) Lalor translation
The reviews in the Göttingen G. Anz., 1777, and of von Iselin, in the Ephemeriden der Menschheit, II, 170 ff., 177, question Adam Smith's (Wealth of Nat., II, ch. 4) entirely too positive denial of the influence of the American production of gold and silver on the diminution of the rate of interest, a view which was shared also by Turgot, Form. et Distr., § 78. See a beautiful comparison between a declining of the prices of the currency which, promotes production, with the phenomena attending the growth of a tree, in Schäffle, N. Oek., II, Aufl., 249.