On the record
My theory is to let gold go to a price that we can export our surplus products to pay our foreign debts, and the moment we turn the balance of trade in our favor gold will decline from natural causes.
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gutenberg.orgGeorge Boutwell: “My theory is to let gold go to a price that we can export our surplus products to pay our foreign debts, and the moment…”
Editor's note · Context
Boutwell outlines his theory on allowing gold prices to rise to facilitate the export of surplus products.
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