It has a sound and rational circulating medium, a real and definite representative of wealth.
Josiah WarrenThe necessity of every one paying in his own labor for what he consumes, affords the only legitimate and effectual check to excessive luxury, which has so often ruined individuals, states and empires; and which has now brought almost universal bankruptcy upon us.
Josiah WarrenThose who have heard or read anything from me on the subject, know that one of the principal points insisted on is, the forming of societies or any other artificial combinations IS the first, greatest, and most fatal mistake ever committed by legislators and by reformers.
Josiah WarrenIt goes to establish a just and permanent principle of trade which puts an end to all serious fluctuations in prices and consequently, to all the insecurity and ruin which these fluctuations produce; and to build up those who are already ruined.
Josiah Warren