Lysander Spooner Quotes About Values

Quotes about: Values

• Practically and commercially speaking, a dollar is not necessarily a specific thing, made of silver, or gold, or any other single metal, or substance. It is only such a quantum of market value as exists in a given piece of silver or gold.

  Lysander Spooner

  Gold, Dollars, Substance

  Lysander Spooner (1971). “The Collected Works of Lysander Spooner: Economic writings”

• It is with government paper, and bank paper, as it is with the paper of private persons; that is, it is worth just what can be delivered in redemption of it, and no more. We all understand that the notes of the Astors, and Stewarts, and Vanderbilts, though issued by millions, and tens of millions, are really worth their nominal values.

  Lysander Spooner

  Government, Redemption, Paper

  Lysander Spooner (1873). “A New Banking System: the Needful Capital for Rebuilding the Burnt District”, p.18

• To measure prices by a currency that is called by the same names as gold, but that is really inferior in value to gold, and then - because those prices are nominally higher than gold prices - to say that they are inflated, relatively to gold, is a perfect absurdity.

  Lysander Spooner

  Names, Perfect, Gold

  Lysander Spooner (1971). “The Collected Works of Lysander Spooner: Economic writings”

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