It is a received notion, that luxury is as destructive to the wealth of the whole body politic, as it is to that of every individual person who is guilty of it, and that a national frugality enriches a country in the same manner, as that which is less general increases the estates of private families. I confess, that though I have found men of much better understanding than myself of this opinion, I cannot help dissenting from them in this point. They argue thus: We send, say they, for example, to Turkey of woollen manufactury, and other things of our own growth, a million's worth every year; for this we bring back silk, mohair, drugs, &c. to the value of twelve hundred thousand pounds, that are all spent in our own country. By this, say they, we get nothing; but if most of us would be content with our own growth, and so consume but half the quantity of those foreign commodities, then those in Turkey, who would still want the same quantity of our manufactures, would be forced to pay ready money for the rest, and so by the balance of that trade only, the nation should get six hundred thousand pounds per annum. To examine the force of this argument, we will suppose (what they would have) that but half the silk, &c. shall be consumed in England of what there is now; we will suppose likewise, that those in Turkey, though we refuse to buy above half as much of their commodities as we used to do, either can or will not be without the same quantity of our manufactures they had before, and that they will pay the balance in money; that is to say, that they shall give us as much gold or silver, as the value of what they buy from us, exceeds the value of what we buy from them. Though what we suppose might perhaps be done for one year, it is impossible it should last: Buying is bartering; and no nation can buy goods of others, that has none of her own to purchase them with. Spain and Portugal, that are yearly supplied with new gold and silver from their mines, may for ever buy for ready money, as long as their yearly increase of gold or silver continues; but then money is their growth, and the commodity of the country. We know that we could not continue long to purchase the goods of other nations, if they would not take our manufactures in payment for them; and why should we judge otherwise of other nations? If those in Turkey, then, had no more money fall from the skies than we, let us see what would be the consequence of what we supposed. The six hundred thousand pounds in silk, mohair, &c. that are left upon their hands the first year, must make those commodities fall considerably: Of this the Dutch and French will reap the benefit as much as ourselves; and if we continue to refuse taking their commodities in payment for our manufactures, they can trade no longer with us, but must content themselves with buying what they want of such nations as are willing to take what we refuse, though their goods are much worse than ours; and thus our