On the record
The first condition of business is stability, which is only another form of security; but this is impossible, when nobody can tell from day to day the value of the currency.
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gutenberg.orgThe first condition of business is stability, which is only another form of security; but this is impossible, when nobody can tell from day to day the value of the currency.
Sumner argues that stability is essential for business, which is undermined by unpredictable currency values.
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