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.
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gutenberg.orgJohn Sherman: “Again, sir, an irredeemable and fluctuating currency always raises the rate of interest on money, while a stable…”
Editor's note · Context
Sherman discusses the relationship between currency stability and interest rates, emphasizing the benefits of a stable currency.
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During forty years of public life, though many able men have aspired to the office I hold, the people of Ohio, through their general assembly, have preferred me to represent them.
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