On the record
It is equally true that any contraction of this currency, any withdrawal of the amount of it, is undoubtedly an appreciation of its value, making it nearer and nearer to the standard of gold.
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gutenberg.orgJohn Sherman: “It is equally true that any contraction of this currency, any withdrawal of the amount of it, is undoubtedly an…”
Editor's note · Context
Sherman discusses the economic implications of currency contraction and its relationship to gold standards.
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