Political Quotes

John Sherman: “A nation would not, except in dire necessity, issue its promises to pay money when it is unable to redeem those…”

On the record
A nation would not, except in dire necessity, issue its promises to pay money when it is unable to redeem those promises.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman argues against issuing unredeemable currency except in extreme situations, emphasizing fiscal responsibility.

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