Everybody knows that there never has been a currency in circulation sufficient in quantity to meet all the requirements of commerce that had a complete basis in gold, and everybody also knows that there is not gold enough in the world to meet this specific requirement.
Woodhull points out the historical inadequacy of gold-backed currency to meet commercial demands.
Share
More from Victoria C. Woodhull
Prisons would be converted into asylums and workshops for the weak and unfortunate, and their keepers into superintendents and teachers.
Who will dare to assert that they are not even now seeking another Moses to lead “His people” up out of Egypt?
Churches would be converted into lecture-rooms; and preachers, now hurling their anathemas against unrepentant sinners, would become professors of the great principles through and by which the world, and all things, have been brought from…
Verily, verily, I say unto you, this people vaunteth and puffeth itself with knowledge, but wisdom hath surely departed to the lowly ones of earth!