David Ricardo, The Works and Correspondence of David Ricardo, Vol. 1 
Principles
of Political Economy and Taxation > chapter xxvii: On Currency and Banks >
paragraph 955 (Sraffa edition)

or in its internet citation format

David Ricardo, The Works and Correspondence of David Ricardo, ed. Piero Sraffa
with the Collaboration of M.H. Dobb (Indianapolis: Liberty Fund, 2005). Vol. 1
Principles of Political Economy and Taxation. Chapter: chapter xxvii: On
Currency and Banks

Accessed from http://oll.libertyfund.org/title/113/38327/879627 on 2009-02-22


Experience, however, shews, that neither a State nor a Bank ever have had the
unrestricted power of issuing paper money, without abusing that power: in all
States, therefore, the issue of paper money ought to be under some check and
controul3 ; and none seems so proper for that purpose, as that of subjecting
the issuers of paper money to the obligation of paying their notes, either in
gold coin or bullion

Nicholas J. Theocarakis