Modern money is almost altogether credit money.
There is never enough gold to redeem all the currency in circulation.
Your thoughts and emotions are yours alone.
You are forever alone.
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.
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.