“The money problem facing the country from 1789 to 1896 existed because Congress never exercised is authority to "coin money or regulate the value thereof" - but rather delegated that authority, sometimes by charter and sometimes by default, to the banking system. This despite the provision in the Constitution that charged Congress with the power to 'coin money, regulate the value thereof, and of foreign Coin, and fix the Standards of weight and Measures.'”
Quote by William Jennings Bryan
Author
You May Also Like
“The election of Hoover...should result in continued prosperity for 1929.”
“I don't see any significant recession or depression in the offing.”
“We now know that inflation results from all that deficit spending.”
“A drastic reduction in the deficit...will take place in the fiscal year '82.”
Source: The Discourses of Wilford Woodruff
Source: Man's Search For Meaning, Gift Edition
