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

The Massachusetts Land Bank, during Colonial times, prospered, and brought prosperity to the community, until...

The Massachusetts Land Bank, during Colonial times, prospered, and brought prosperity to the community, until...

Modern money is almost altogether credit money.

Modern money is almost altogether credit money.

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.

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...

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...

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

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

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.

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

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

In this way, the charge that the bank makes for the use of its notes...

In this way, the charge that the bank makes for the use of its notes...

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.

However near and dear to you may be your wife, children, friends, they are not...

However near and dear to you may be your wife, children, friends, they are not...

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...

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

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

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...

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,...

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...

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...

Your thoughts and emotions are yours alone.

Your thoughts and emotions are yours alone.

There is no word more generally misinterpreted than the word egoism, in its modern sense.

There is no word more generally misinterpreted than the word egoism, in its modern sense.