The productive capacity of a country is then the virtual standard of the value of its currency, and as gold can only be obtained by the products of the country, its necessity as a medium may be dispensed with.
Woodhull argues that the productive capacity of a country can replace gold as a standard for currency value, advocating for a shift in financial thinking.
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The present is a part of the common order of the universe, extending infinitely backward and forward—a part of the line of evolvement, neither end of which can be compassed by human mind; and if we would learn well, we must learn all there…
The chief value, then, of an intimate knowledge of the past is, that from it the future may be foreseen, and that the lesson it teaches may assist in the formation of aids to the natural order of things.
The same laws that bring fruit to perfection and dissolution perfect and dissolve societies.
They must and will attain their journey’s end.