On the record
In all seasons of financial distress, gold, as a standard, has failed.
Said by
Victoria C. Woodhull
Source
gutenberg.orgVictoria C. Woodhull: “In all seasons of financial distress, gold, as a standard, has failed.”
Editor's note · Context
Woodhull asserts that gold has proven inadequate as a stable standard during financial crises, questioning its reliability.
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They must and will attain their journey’s end.
Our money is not measured by Gold—Gold is measured by it.
The same laws that bring fruit to perfection and dissolution perfect and dissolve societies.
And this is no more true of the pauper laborers of Europe and the slave laborers of Asia than it is of the free labor of America.