If a man lends his money he wants it back again with its increase; but if the money, when it is to be paid back, is like to be worth less than when he thinks of loaning it, he will not loan it except at such rates as will cover the risk of depreciation.
Sherman explains that lenders seek to protect themselves from depreciation by demanding higher interest rates.
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More from John Sherman
The Union already embraces discordant elements enough without adding others.
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.
During forty years of public life, though many able men have aspired to the office I hold, the people of Ohio, through their general assembly, have preferred me to represent them.
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