On the record
Is not the difference between the currency which you recommend and the assignats just this, that the Government are bound to take back whatever they issue?--Precisely; and that makes all the difference.
Source
gutenberg.orgCharles Sumner: “Is not the difference between the currency which you recommend and the assignats just this, that the Government are…”
Editor's note · Context
Sumner highlights the crucial difference between the proposed currency and the French assignats, which lacked a buyback guarantee from the government.
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