On the record
There are few who will advocate inconvertible paper as currency.
Source
gutenberg.orgEditor's note · Context
Sumner expresses skepticism about the viability of inconvertible paper currency.
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Endeavor, for a moment, by comparison with other interests, to grapple with this sum.
They who strive after it, Ixion-like, embrace a cloud.
It is larger than the entire profit of all the commerce and manufactures of the world.
They are but leaders of the two contending factions into which the Slave Power is divided.
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