Political Quotes

John Sherman: “But the shrewd speculator calculates daily the depreciation of our note, the shortening of the yard stick, the shrinkage…”

On the record
But the shrewd speculator calculates daily the depreciation of our note, the shortening of the yard stick, the shrinkage of the acre, the lessening of the ton, and thus it is that he daily adds to his gains from the indifference or delusion of our people.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman critiques the impact of inflation on the economy and the exploitation of the public by speculators.

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