Political Quotes

Lysander Spooner: “Now, we know--because experience has taught us--that solvent promissory notes, made payable in coin on demand, are the…”

On the record
Now, we know--because experience has taught us--that solvent promissory notes, made payable in coin on demand, are the best money that mankind have ever had; (although probably not the best they ever will have).
Said by
Lysander Spooner

Editor's note · Context

Spooner reflects on the effectiveness of promissory notes as a form of money based on historical experience.

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