Therefore, in brief, this is the only object of all true policy and true economy: “utmost multitude of good men on every given space of ground”— imperatively always good, sound, honest men,—not a mob of white-faced thieves. So that, on the one hand all aristocracy is wrong which is inconsistent with numbers; and on the other all numbers are wrong which are inconsistent with breeding.
122. Then, touching the accumulation of wealth for the maintenance of such men, observe, that you must never use the terms “money” and “wealth” as synonymous. Wealth consists of the good, and therefore useful, things in the possession of the nation; money is only the written or coined sign of the relative quantities of wealth in each person’s possession. All money is a divisible title-deed, of immense importance as an expression of right to property, but absolutely valueless as property itself. Thus, supposing a nation isolated from all others, the money in its possession is, at its maximum value, worth all the property of the nation, and no more, because no more can be got for it. And the money of all nations is worth, at its maximum, the property of all nations, and no more, for no more can be got for it. Thus, every article of property produced increases, by its value, the value of all the money in the world, and every article of property destroyed, diminishes the value of all the money in the world. If ten men are cast away on a rock, with a thousand pounds in their pockets, and there is on the rock, neither food nor shelter, their money is worth simply nothing, for nothing is to be had for it. If they built ten huts, and recover a cask of biscuit from the wreck, then their thousand pounds, at its maximum value, is worth ten huts and a cask of biscuit. If they make their thousand pounds into two thousand