The evil of the present system is found in the great cost to the Government of maintaining the parity of our different forms of money, that is, keeping all of them at par with gold.
William McKinley: “The evil of the present system is found in the great cost to the Government of maintaining the parity of our different…”
Editor's note · Context
McKinley critiques the current monetary system for its high costs to the government in maintaining currency parity.
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