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vox kadavergehorsamkeit
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August 8, 1893 : The Repeal of the Silver Act

- History of Silver -

This speech amply demonstrates what i have pointed out many times before: gold and silver make for very poor money precisely because unlike paper, with virtually no intrinsic value, they fluctuate in value, sometimes quite radically. Those who ignore history, or at best gloss over it, by advocating for a return to a gold standard, would have us repeat the mistakes from the past. Shame on them.

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Début de l'article :President Cleveland Message on the Repeal of the Sherman Silver Purchase Act (August 8, 1893) The existence of an alarming and extraordinary business situation, involving the welfare and prosperity of all our people, has constrained me to call together in extra session the people's representatives in Congress, to the end that through a wise and patriotic exercise of the legislative duty, with which they solely are charged, present evils may be mitigated and dangers threatening the future may be averted... Lire la suite

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