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Modern Money Is Almost Altogether Credit Money.
-John Buchanan Robinson
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Modern Money Is Almost Altogether Credit Money.
John Buchanan Robinson
Modern Money Is Almost Altogether Credit Money.
Views: 15
Topic
Credit
Modern
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There Is Never Enough Gold To Redeem All The Currency In Circulation.
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When Not Only Gold But All Commodities Are Available For The Redemption Of The Paper Currency, Its Volume Is Limited Only By The Value Of All The Wealth Of The Country, And It Can Never Become Insecure Up To This Limit.
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It Was The King's Army, The King's People, The King's Taxes; And He Who Questioned The Propriety Of The Royal Prerogative Of Taking From His People Without Return Or Accounting, Was Reckoned, And Felt Himself To Be, A Criminal, Guilty Of The Highest Crime Of Disloyalty.
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However Near And Dear To You May Be Your Wife, Children, Friends, They Are Not You; They Are Outside Of You.
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Paper Currency Has Hitherto Been Regarded With Suspicion, As Insecure.
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