Book · An Inquiry into the Wealth of Nations
Page 754 of 2651
Author: Adam Smith
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If the pension of such a person was paid to him, not in gold, but
in a weekly bill for a guinea, his revenue surely would not so
properly consist in the piece of paper, as in what he could get
for it. A guinea may be considered as a bill for a certain
quantity of necessaries and conveniencies upon all the tradesmen
in the neighbourhood. The revenue of the person to whom it is
paid, does not so properly consist in the piece of gold, as in
what he can get for it, or in what he can exchange it for. If it
could be exchanged for nothing, it would, like a bill upon a
bankrupt, be of no more value than the most useless piece of
paper.
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