On the record
Their value rests chiefly in the estimation they happen to be in among the generality of nations, and the credit given to the opinion, that that estimation will continue.
Source
gutenberg.orgBenjamin Franklin: “Their value rests chiefly in the estimation they happen to be in among the generality of nations, and the credit given…”
Editor's note · Context
Franklin explains that the value of currency is based on collective belief and credit among nations.
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