“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.”

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Originally said in English.

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About Lysander Spooner

Lysander Spooner is quoted here; further biographical details are not publicly available.

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"It is with government paper, and bank paper, as it is with the paper…" — Lysander Spooner | Daily Quotes