On the record
If issued in excess of demands for domestic purposes, it will necessarily fall in market value, and, by a well-known principle of finance, will become the sole coin standard of value.
Source
gutenberg.orgJohn Sherman: “If issued in excess of demands for domestic purposes, it will necessarily fall in market value, and, by a well-known…”
Editor's note · Context
Sherman warns that excessive issuance of silver will lead to a decline in its market value.
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