On the record
All currency that is not legal-tender for contracts and debts is credit; but a currency which is of itself legal-tender is money, because it is itself intrinsically valuable.
Said by
Victoria C. Woodhull
Source
gutenberg.orgVictoria C. Woodhull: “All currency that is not legal-tender for contracts and debts is credit; but a currency which is of itself legal-tender…”
Editor's note · Context
Woodhull defines legal-tender currency as money due to its intrinsic value, contrasting it with credit.
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