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"It is apparent from the whole context of the Constitution as well as the history of the times which gave birth to it, that it was the purpose of the Convention to establish a currency consisting of the precious metals. These were adopted by a permanent rule excluding the use of a perishable medium of exchange, such as certain agricultural commodities recognized by the statutes of some States as tender for debts, or the still more pernicious expedient of paper currency."
 By: | Andrew Jackson (more quotes by Andrew Jackson or books by/about Andrew Jackson) |
| (1767-1845) 7th US President |
Source: | 8th Annual Message to Congress, December 5, 1836. |
Categories: | Debt, Fed, IMF, Money |
Rating: |   |