A depreciated paper money cheats and robs every man who receives it, of a portion of the reward of his labor or production, and, in all times, it has been treated by statesmen as one of the greatest evils that can befall a people.
John Sherman: “A depreciated paper money cheats and robs every man who receives it, of a portion of the reward of his labor or…”
Editor's note · Context
Sherman warns against the dangers of depreciated paper money and its effects on labor.
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