Political Quotes

John Sherman: “The power to fix the standard of money, to regulate the medium of exchanges, must necessarily go with, and be incident…”

On the record
The power to fix the standard of money, to regulate the medium of exchanges, must necessarily go with, and be incident to, the power to regulate commerce, to borrow money, to coin money, to maintain armies and navies.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman argues that the power to regulate money is essential for the government to function effectively.

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