Gold cannot furnish the circulating medium for the world, and credit must be resorted to; and the necessity of having two kinds of circulation involves difficulties which the mercantile world would be glad to have forever done with.
This quote discusses the limitations of gold as a currency and the necessity for credit in economic systems.
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More from Victoria C. Woodhull
Can mouldering relics, or can fossiled creeds, Provide the quickening age her mighty needs?
The present is a part of the common order of the universe, extending infinitely backward and forward—a part of the line of evolvement, neither end of which can be compassed by human mind; and if we would learn well, we must learn all there…
The chief value, then, of an intimate knowledge of the past is, that from it the future may be foreseen, and that the lesson it teaches may assist in the formation of aids to the natural order of things.
In such a condition of things, courts of justice, with all their attendant judges, bailiffs and attorneys-at-law, would find their occupation gone.