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An Inquiry into the Nature and Causes of the Wealth of Nations
img img An Inquiry into the Nature and Causes of the Wealth of Nations img Chapter 14 OF STOCK LENT AT INTEREST.
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Chapter 14 OF STOCK LENT AT INTEREST.

The stock which is lent at interest is always considered as a capital by the lender. He expects that in due time it is to be restored to him, and that, in the mean time, the borrower is to pay him a certain annual rent for the use of it. The borrower may use it either as a capital, or as a stock reserved for immediate consumption. If he uses it as

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