Political Quotes

Benjamin Franklin: “Gold and silver have undoubtedly some properties that give them a fitness above paper, as a medium of exchange…”

On the record
Gold and silver have undoubtedly some properties that give them a fitness above paper, as a medium of exchange; particularly their universal estimation; especially in cases where a country has occasion to carry its money abroad, either as a stock to trade with, or to purchase allies and foreign succours.
Said by
Benjamin Franklin
Missouri

Editor's note · Context

Franklin highlights the advantages of gold and silver over paper money in trade.

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