Accordingly, when the supply of gold runs short, the security behind the notes is diminished, the loaning of notes is restricted or suspended, and the panic follows.
More Quotes from John Buchanan Robinson:
Modern money is almost altogether credit money.John Buchanan Robinson
There is no other who experiences your thoughts or your feelings.
John Buchanan Robinson
Large sums were paid for the use of money, because the available amount of gold and silver was far less than was needed to carry on the commercial transactions of the times.
John Buchanan Robinson
There is never enough gold to redeem all the currency in circulation.
John Buchanan Robinson
For each one of us stands alone in the midst of a universe.
John Buchanan Robinson
According to your sympathy, you will take pleasure in your own happiness or in the happiness of other people; but it is always your own happiness you seek.
John Buchanan Robinson
Readers Who Like This Quotation Also Like:
Based on Topics: Gold Quotes, Security QuotesBased on Keywords: loaning
I am also a hard worker and people are sometimes surprised to see that as well.
Christina Milian
In order to be a realist you must believe in miracles.
H. C. Bailey
Bleaching my hair for Two Moon Junction... my hair was fried and I looked like an idiot.
Sherilyn Fenn