On the record
While gold may be the standard of value, it is too precious to be a convenient medium of payment for small sums, such as enter into the daily transactions of ordinary life.
Source
gutenberg.orgGeorge F. Hoar: “While gold may be the standard of value, it is too precious to be a convenient medium of payment for small sums, such as…”
Editor's note · Context
Hoar argues that while gold is valuable, it is not practical for everyday transactions due to its high value.
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