A currency worth less than it purports to be worth, will in the end defraud not only creditors, but all who are engaged in legitimate business, and none more surely than those who are dependent on their daily labor for their daily bread.
James Blaine: “A currency worth less than it purports to be worth, will in the end defraud not only creditors, but all who are engaged…”
Editor's note · Context
Blaine warns that a currency undervalued can harm creditors and workers alike.
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