"The available supply of gold and silver..." - Quote by Abraham Lincoln
The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use.
More by Abraham Lincoln
“In law it is good policy to never plead what you need not, lest you oblige yourself to prove what you can not.”
“The legal right of the Southern people to reclaim their fugitives I have constantly admitted. The legal right of Congress to interfere with their institution in the states, I have constantly denied.”
“I am now the most miserable man living. If what I feel equally distributed to the whole human family, there would not be one cheerful face on the earth. Whether I shall ever be better, I cannot tell; I awfully forebode I shall not. To remain as I am is impossible. I must die or be better, it appears to me.”
More on Economy
“[High income tax rates] not only check consumption but discourage investment and encourage...the avoidance of taxes [rather] than the production of goods.[...]Our present tax system...reduces the financial incentives for personal effort, investment, and risk-taking.”
“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.”
“With only 2 percent of the world's oil reserves, oil isn't enough. This country needs an all-out, all-of-the-above strategy that develops every available source of American energy. A strategy that's cleaner, cheaper, and full of new jobs.”
More on Money
“Most people like hard work, particularly when they're paying for it.”
“Money was established for exchange, but interest causes it to be reproduced by itself. Therefore this way of earning money is greatly in conflict with the natural law.”
“What is the chief end of man?-to get rich. In what way?-dishonestly if we can; honestly if we must.”