The advantages of a currency which, instead of possessing the capacity of redeemability, is at all times convertible into something that is itself productive, cannot fail to be appreciated by all who have given any attention to the science of money.
Victoria C. Woodhull: “The advantages of a currency which, instead of possessing the capacity of redeemability, is at all times convertible…”
Editor's note · Context
Woodhull highlights the benefits of a currency that is always convertible into productive assets.
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