On the record
You may depreciate the money which you offer, but it will only take more of it to buy what you want.
Source
gutenberg.orgJohn Sherman: “You may depreciate the money which you offer, but it will only take more of it to buy what you want.”
Editor's note · Context
Sherman points out that depreciating currency requires more money to purchase goods, highlighting the impact of inflation.
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More from John Sherman
Canada and Mexico as independent republics will be more valuable to the United States than if carved into additional states.
Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.
If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.
What I have written is no doubt clouded with partisanship, but I would not be honest if I did not express my attachment to my party.
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