At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.
John Buchanan RobinsonThe business of a bank is to lend money; which amounts, nowadays, to lending credit.
John Buchanan RobinsonWhen 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.
John Buchanan Robinson