The general monetizing of silver now, when it is unnaturally depreciated, would be to invite to our country, in exchange for gold or bonds, all the silver of Europe, and at last it would leave us with a depreciated currency.
John Sherman: “The general monetizing of silver now, when it is unnaturally depreciated, would be to invite to our country, in exchange…”
Editor's note · Context
Sherman warns against the monetization of silver when it is undervalued, fearing a negative impact on the U.S. economy.
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