Good evening and thank you for joining me for another boring books for bedtime.

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And off we go.

Tonight, let's continue our exploration of economics, with more from a classic, an inquiry into the nature and causes of the wealth of nations Nations by Adam Smith first published in a rather tumultuous year 1776.

Let's pick up right where we left off in Chapter 5 of the real and nominal price of

commodities or of their price in labor and their price in money.

Let's begin.

Gold and silver, like every other commodity, vary in their value, are sometimes cheaper and

sometimes dearer, sometimes of easier and sometimes of more difficult purchase.

The quantity of labor which any particular quantity of them can purchase or command,

...