Political Quotes

John Sherman: “Instead of inflation, of large issues of paper money by the United States and the national banks, there grew up a…”

On the record
Instead of inflation, of large issues of paper money by the United States and the national banks, there grew up a conviction that the better policy was to limit and reduce the volume of such money to an amount that could be maintained at par with coin.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman argues for limiting paper money issuance to maintain its value against coin.

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