Money is that which can equally represent the wheat, the horse and the gold; and anything that cannot do this is not money.
Victoria C. Woodhull: “Money is that which can equally represent the wheat, the horse and the gold; and anything that cannot do this is not…”
Editor's note · Context
Woodhull defines money as a universal measure of value that encompasses various goods.
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Whatever may have been the arguments favorable for the continuance of the institution of slavery, the destruction of it has rendered them nugatory, and but few of those who once used them could now be found to favor its resurrection.
In such a condition of things, courts of justice, with all their attendant judges, bailiffs and attorneys-at-law, would find their occupation gone.
Why do they advocate any general government at all?
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.