At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.
More Quotes from John Buchanan Robinson:
The business of a bank is to lend money; which amounts, nowadays, to lending credit.John Buchanan Robinson
In this way, the charge that the bank makes for the use of its notes - the interest - is a continual and universal tax upon all the members of the community.
John Buchanan Robinson
In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.
John Buchanan Robinson
However near and dear to you may be your wife, children, friends, they are not you; they are outside of you.
John Buchanan Robinson
It is often said by reformers that government should be conducted upon business principles.
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
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Based on Topics: Finance Quotes, Gold Quotes, Present QuotesBased on Keywords: redeemable
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