Political Quotes

Ulysses S. Grant: “Unlimited inflation would probably bring about specie payments more speedily than any legislation looking to redemption…”

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.
Said by
Ulysses S. Grant
Republican · Ohio

Editor's note · Context

He warns that unlimited inflation might hasten specie payments but would compromise national honor.

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