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.
More Quotes from John Buchanan Robinson:
There is no word more generally misinterpreted than the word egoism, in its modern sense.John Buchanan Robinson
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
There is never enough gold to redeem all the currency in circulation.
John Buchanan Robinson
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.
John Buchanan Robinson
Your thoughts and emotions are yours alone.
John Buchanan Robinson
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