Political Quotes

Lysander Spooner: Theoretically, every dollar's worth of material property, that is capable of being taken by law, and applied to the…

On the record
Theoretically, every dollar's worth of material property, that is capable of being taken by law, and applied to the payment of the owner's debts, is capable of being represented by a promissory note, that shall circulate as money.
Said by
Lysander Spooner

Editor's note · Context

Spooner theorizes that promissory notes could serve as effective money if they are backed by material property.

Share

More from Lysander Spooner

They cannot claim or expect that the whole people shall practise the folly of taking on trust their pretended superior knowledge, and of committing blindly into their hands all their own interests, liberties, and rights, to be disposed of…

gutenberg.org

A man has a natural right to enforce his own rights and redress his own wrongs.

gutenberg.org

Practically speaking, no government knows any limits to its power, except the endurance of the people.

gutenberg.org

It would also be making them consent to what they regard as the destruction of their own rights.

gutenberg.org