On the record
On the other hand, the coinage of silver on government account enables us to maintain the silver coins at par with gold, without respect to the market value of the silver bullion.
Source
gutenberg.orgJohn Sherman: “On the other hand, the coinage of silver on government account enables us to maintain the silver coins at par with gold…”
Editor's note · Context
Sherman explains how government-controlled silver coinage can maintain parity with gold.
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