A very fallacious argument has been the rule, because gold has been considered “money,” that all currency is “credit;” this at first blush would seem to be still further strengthened by the proposition that gold is only merchandise.
Victoria C. Woodhull: “A very fallacious argument has been the rule, because gold has been considered “money,” that all currency is “credit;”…”
Editor's note · Context
Woodhull critiques the assumption that all currency is merely credit because gold is viewed as money, challenging prevailing economic arguments.
Share
More from Victoria C. Woodhull
Religion, clad in its robes “of purple and fine linen,” faring “sumptuously every day,” forgetting that Christ was cradled in a manger, and that His disciples were fishermen, continually cries, as did the “Pharisees and hypocrites” of old…
As the beams reflected from the mountain top are of the sun, and not the mountains, so are these spiritual rays of the spiritual sun, and not of the individual reflecting them, or through whom they may chance to shine.
Are they not better qualified to direct legislation now than the wisest among us?
Prisons would be converted into asylums and workshops for the weak and unfortunate, and their keepers into superintendents and teachers.