The gold fallacy, however, prevented Congress from seeing the real drift of what they did, and the country, therefore, must yet a little longer be blinded by the thought that gold is the only money.
Woodhull critiques the misconception that gold is the only form of money, highlighting a broader economic issue.
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Can mouldering relics, or can fossiled creeds, Provide the quickening age her mighty needs?
That kind of money which has elasticity, that will be plenty when business is active, and that can be readily put to other use for profit when business is less demanding, is the kind the prosperity of a country demands.
It is not sufficient to simply assert that this or that is thus or so.
In all seasons of financial distress, gold, as a standard, has failed.