On the record
While we use a currency not equivalent to this standard the world's recognized standard, specie, becomes a commodity like the products of the soil, the surplus seeking a market wherever there is a demand for it.
Source
gutenberg.orgUlysses S. Grant: “While we use a currency not equivalent to this standard the world's recognized standard, specie, becomes a commodity…”
Editor's note · Context
He explains how a currency that is not equivalent to the world's standard affects its value and market behavior.
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