ABSTRACT
The activity of circulation is at the utmost pitch to which it can be carried with advantage, when the product passes into the hands of a new productive agent the instant it is fit to receive a new modification, and is ultimately handed over to the consumer, the instant it has received. A capital must be employed in buying and re-selling and interest paid for its use, to say nothing of the probable wear and tear of the commodity. If the national money be deteriorated, it becomes an object to get rid of it in any way, and exchange it for commodities. The best stimulus of useful circulation is especially the producers themselves, to incur the least possible amount of interest upon the capital embarked in their respective undertakings. The term circulation, as well as many others employed in the science of political economy, is daily made use of at random, even by persons that pride themselves upon their precision.
