On the record
Again, sir, an irredeemable and fluctuating currency always raises the rate of interest on money, while a stable currency or an improving currency always reduces the rate of interest.
Source
gutenberg.orgEditor's note · Context
Sherman discusses the relationship between currency stability and interest rates, emphasizing the benefits of a stable currency.
Share
More from John Sherman
Because it is framed upon the idea that it is the duty of the government, in imposing taxes, to do as little injury to the industry of the country as possible; that they are to be levied so as to extend a reasonable protection to all…
I wrote an adverse report, but it was suppressed in the committee.
Some of you broke down the only political organization that could compete with us, and thus gave us an easy victory.
Resolved, That the people who constitute the supreme power in the United States, should guard with jealous care the rights of the several states, as independent governments.
Other voices in this conversation
