That they are neither gold nor good paper, but are a kind of fiat currency, having no intrinsic character, being cheap, delusive, irredeemable and worthless.
George F. Hoar: “That they are neither gold nor good paper, but are a kind of fiat currency, having no intrinsic character, being cheap…”
Editor's note · Context
Hoar describes a type of currency he views as fundamentally flawed and worthless.
Share
More from George F. Hoar
If there is anything more beautiful than a moonlight summer night in the heart of the Forest of Dean, it is its transformation into a summer morning, with the sparkle of dew on the grass, and the sunrise on the trees; with the music of…
This quaint old room, with its great oak beam overhead, and its kitchen grate wide enough to roast a deer--this strange blending of an hotel dining-room and a Court of Justice, has nevertheless a link with the far distant past more…
But I like to think he will be sent on some errands like that of the presence which came to Ben Adhem with a great wakening light, rich and like a lily in bloom, to tell him that the name of him who loved his fellow men led all the names…
This Treaty would make us a vulgar, common place empire, controlling subject races and vassal states, in which one class must forever rule and other classes forever obey.





