On the record
Frequent legislation in regard to any branch of industry, affecting its value, and by which its capital may be transferred to new channels, must always be productive of hazardous speculation and loss.
Source
gutenberg.orgAndrew Jackson: “Frequent legislation in regard to any branch of industry, affecting its value, and by which its capital may be…”
Editor's note · Context
He warns that frequent changes in legislation can lead to speculation and financial loss.
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Mar 3, 1837
The paper money system of this country may be used as an engine to undermine your free institutions.
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The duty of every government [is so] to regulate its currency as to protect this numerous class.
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