On the record
It was the productive capacity of this country that gave value to its currency and bonds irrespective of gold.
Said by
Victoria C. Woodhull
Source
gutenberg.orgVictoria C. Woodhull: “It was the productive capacity of this country that gave value to its currency and bonds irrespective of gold.”
Editor's note · Context
This statement asserts that the value of currency and bonds is derived from a country's productive capacity, challenging traditional views on gold's necessity.
Share
More from Victoria C. Woodhull
Thousands possessed of comprehensive principles in a semi state of application have sunk with them into obscurity for lack of appreciation and support.
In all seasons of financial distress, gold, as a standard, has failed.
Our money is not measured by Gold—Gold is measured by it.
In such a condition of things, courts of justice, with all their attendant judges, bailiffs and attorneys-at-law, would find their occupation gone.