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.
James Madison: “The absence of the precious metals will, it is believed, be a temporary evil, but until they can again be rendered the…”
Editor's note · Context
Madison discusses the need for Congress to find alternatives to precious metals for currency during shortages.
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