Large sums were paid for the use of money, because the available amount of gold and silver was far less than was needed to carry on the commercial transactions of the times.

Quote by John Buchanan Robinson

Topics: John Buchanan Robinson Quotes

Your thoughts and emotions are yours alone.

Your thoughts and emotions are yours alone.

The egoist is fooled by no ideals: he discards them or uses them, as may...

The egoist is fooled by no ideals: he discards them or uses them, as may...

For each one of us stands alone in the midst of a universe.

For each one of us stands alone in the midst of a universe.

Not an old woman that buys a paper of pins, without yielding a part of...

Not an old woman that buys a paper of pins, without yielding a part of...

According to your sympathy, you will take pleasure in your own happiness or in the...

According to your sympathy, you will take pleasure in your own happiness or in the...

Sometimes, instead of purchasing a commodity out and out, people want to buy only the...

Sometimes, instead of purchasing a commodity out and out, people want to buy only the...

In brief, egoism in its modern interpretation, is the antithesis, not of altruism, but of...

In brief, egoism in its modern interpretation, is the antithesis, not of altruism, but of...

Accordingly, when the supply of gold runs short, the security behind the notes is diminished,...

Accordingly, when the supply of gold runs short, the security behind the notes is diminished,...

Capital, however capital may be defined, would practically cease to exist as an income producing...

Capital, however capital may be defined, would practically cease to exist as an income producing...

But egoism is more than this. It is the realization by the individual that he...

But egoism is more than this. It is the realization by the individual that he...

There is no other who experiences your thoughts or your feelings.

There is no other who experiences your thoughts or your feelings.

When not only gold but all commodities are available for the redemption of the paper...

When not only gold but all commodities are available for the redemption of the paper...

The business of a bank is to lend money; which amounts, nowadays, to lending credit.

The business of a bank is to lend money; which amounts, nowadays, to lending credit.

There is never enough gold to redeem all the currency in circulation.

There is never enough gold to redeem all the currency in circulation.

At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.

At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.

It is often said by reformers that government should be conducted upon business principles.

It is often said by reformers that government should be conducted upon business principles.

But the egoist has no ideals, for the knowledge that his ideals are only his...

But the egoist has no ideals, for the knowledge that his ideals are only his...

Paper currency has hitherto been regarded with suspicion, as insecure.

Paper currency has hitherto been regarded with suspicion, as insecure.

In precisely the same way money is often hired, and the hire paid for the...

In precisely the same way money is often hired, and the hire paid for the...

It was the king's army, the king's people, the king's taxes; and he who questioned...

It was the king's army, the king's people, the king's taxes; and he who questioned...