On the record
Gold and silver are therefore the fittest for this medium, as they are an equivalent; which paper never can be.
Source
gutenberg.orgBenjamin Franklin: “Gold and silver are therefore the fittest for this medium, as they are an equivalent; which paper never can be.”
Editor's note · Context
Franklin states that gold and silver are the most suitable forms of currency due to their intrinsic value.
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More from Benjamin Franklin
May 8, 1753
Few of their Children in the Country learn English . . . The Signs in our Streets have Inscriptions in both Languages, and in some places only [their language] . . . In short, unless the Stream of their Importation could be turned…
As it is in my power, as far as my testimony will be regarded, to refute this charge, I think it due to our friendship to do it.
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Yet had I gone at 70, it would have cut off 12 of the most active years of my life, employed too in matters of the greatest importance; but whether I have been doing good or mischief, is for time to discover.
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