When not only gold but all commodities are available for the redemption of the paper currency, its volume … - John Buchanan Robinson

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I went to a boarding school when I was 13, and it was a very arty school, so there was an opportunity for a lot more. I joined a band and so on. We would do concerts at school, and I would play cover tunes and thought, 'This is really great. '

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.

Commodities, Country, Currency, Gold, Insecure

Same Author Quotes

It was the king's army, the king's people, the king's taxes; and he who questioned the propriety of the royal prerogative of taking from his people without return or accounting, was reckoned, and felt himself to be, a criminal, guilty of the highest crime of disloyalty.

Army, Disloyalty, Felt, Guilty, Kings, People

Modern money is almost altogether credit money.

Altogether, Credit, Modern, Money

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.

Available, Gold, Paid, Silver, Times, Use

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.

Gold, Loaning, Panic, Running, Security, Supply

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

Currency, Financial, Gold, Paper, Present