#paper currency

For anything worth having one must pay the price; and the price is always work, patience, love, self-sacrifice - no paper currency, no promises to pay, but the gold of real service. ↗

— John Burroughs

#always #anything #currency #gold #having

The spectacle of a great, solvent government paying a fictitious price for gold it did not want and did not need and doing it on purpose to debase the value of its own paper currency was one to astonish the world. ↗

— Garet Garrett

#currency #debase #did #doing #fictitious

At present, financial crises occur, chiefly because the paper currency is redeemable in gold only. ↗

— John Buchanan Robinson

#chiefly #crises #currency #financial #financial crises

Paper currency has hitherto been regarded with suspicion, as insecure. ↗

— John Buchanan Robinson

#currency #hitherto #insecure #paper #paper currency

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

#become #commodities #country #currency #gold