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John Buchanan Robinson -
Currency
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At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.
John Buchanan Robinson
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There is never enough gold to redeem all the currency in circulation.
John Buchanan Robinson
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When not only gold but all commodities are available for the redemption of the paper currency, its volume is limited only by the value of all the wealth of the country, and it can never become insecure up to this limit.
John Buchanan Robinson
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Paper currency has hitherto been regarded with suspicion, as insecure.
John Buchanan Robinson
Quote of the day
Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
John Buchanan Robinson
Born:
May 23, 1846
Died:
January 28, 1933
(aged 86)
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