On the record
If money is at the gold standard, or is advancing toward that standard, he will loan it readily at a moderate interest, for he knows he will receive back money of at least equal value to that he loaned.
Source
gutenberg.orgJohn Sherman: “If money is at the gold standard, or is advancing toward that standard, he will loan it readily at a moderate interest…”
Editor's note · Context
Sherman argues that a gold standard encourages lending by ensuring the value of money remains stable.
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