Political Quotes

James Madison: “The absence of the precious metals will, it is believed, be a temporary evil, but until they can again be rendered the…”

On the record
The absence of the precious metals will, it is believed, be a temporary evil, but until they can again be rendered the general medium of exchange it devolves on the wisdom of Congress to provide a substitute which shall equally engage the confidence and accommodate the wants of the citizens throughout the Union.
Said by
James Madison
Democratic Republican · Virginia

Editor's note · Context

Madison discusses the need for Congress to find alternatives to precious metals for currency during shortages.

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