Gold cannot furnish the circulating medium for the world, and credit must be resorted to; and the necessity of having two kinds of circulation involves difficulties which the mercantile world would be glad to have forever done with.
This quote discusses the limitations of gold as a currency and the necessity for credit in economic systems.
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More from Victoria C. Woodhull
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?
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…
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!
Who will dare to assert that they are not even now seeking another Moses to lead “His people” up out of Egypt?