In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.


A New Banking System: the Needful Capital for Rebuilding the Burnt District (ed. 1873)


In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.

In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.

In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.

In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.