On the record
Unlimited inflation would probably bring about specie payments more speedily than any legislation looking to redemption of the legal-tenders in coin; but it would be at the expense of honor.
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gutenberg.orgEditor's note · Context
He warns that unlimited inflation might hasten specie payments but would compromise national honor.
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This begot a spirit of speculation involving an extravagance and luxury not required for the happiness or prosperity of a people, and involving, both directly and indirectly, foreign indebtedness.
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