It is true that the creditor may, by your laws, be compelled to take your money however much you depreciate it, but he cannot buy back that which he sold, or its equivalent in other necessaries of life, and thus he is cheated of part of what he sold.
Sherman explains how creditors are affected by currency depreciation, ultimately losing value on their sales.
Share
More from John Sherman
Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.
Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.
The life of a civilian is in what he says or writes, that of a soldier in what he does.
The events of the future are beyond the vision of mankind, but I hope our people will be content with internal growth, and avoid the complications of foreign acquisitions.
Other voices in this conversation
