Monday, March 14, 2011

Broken Promises, Fiat Money

We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no, Sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors, and a ruined people.
Daniel Webster, Speech in the US Senate, 1833
Source:  The Works of Daniel Webster, Speeches in Congress - Link
Taken from:  321 Gold: The Barbaric Relic - Link

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