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Unto This Last, and Other Essays on Political Economy

Note 121 — IV.

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The fury of modern trade arises chiefly out of the possibility of making sudden fortune by largeness of transaction, and accident of discovery or contrivance. I have no doubt that the final interest of every nation is to check the action of these commercial lotteries. But speculation absolute, unconnected with commercial effort, is an unmitigated evil in a state, and the root of countless evils beside.

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