This is the practice of specie payments, and a most mischievous one it is, too; it is the sole idea that leads to great inflations, and consequently to great collapses in finances and values.
Victoria C. Woodhull: “This is the practice of specie payments, and a most mischievous one it is, too; it is the sole idea that leads to great…”
Editor's note · Context
Woodhull criticizes the practice of specie payments as harmful, linking it to financial inflation and collapses.
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