Nov 11, 2007

Grover Cleveland on a sound and stable currency

Manifestly nothing is more vital to our supremacy as a nation and to the beneficent purposes of our Government than a sound and stable currency. Its exposure to degradation should at once arouse to activity the most enlightened statesmanship, and the danger of depreciation in the purchasing power of the wages paid to toil should furnish the strongest incentive to prompt and conservative precaution.

Grover Cleveland in his second inaugural address, March 4, 1893

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