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.
Victoria C. Woodhull: “The productive capacity of a country is then the virtual standard of the value of its currency, and as gold can only be…”
Editor's note · Context
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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If they still live as spirits, if they have had better opportunities of obtaining wisdom and knowledge pertaining to earth-life than we—can this world avail itself of their assistance to establish on earth the government of heaven?
Verily, verily, I say unto you, this people vaunteth and puffeth itself with knowledge, but wisdom hath surely departed to the lowly ones of earth!
Are not their minds expanded to the comprehension of the great principles of governmental justice?
Churches would be converted into lecture-rooms; and preachers, now hurling their anathemas against unrepentant sinners, would become professors of the great principles through and by which the world, and all things, have been brought from…