On the record
Of course, actual value, or its equivalent, is the life of money, giving to it a circulating quality; and when money begins to be suspected, it loses its circulating quality.
Source
gutenberg.orgCharles Sumner: “Of course, actual value, or its equivalent, is the life of money, giving to it a circulating quality; and when money…”
Editor's note · Context
Sumner explains that the value of money is tied to its perceived worth and circulation quality.
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