“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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About Lysander Spooner

American abolitionist, lawyer, and political philosopher

Lysander Spooner was an American abolitionist, entrepreneur, lawyer, essayist, legal theorist, pamphleteer, political philosopher, and writer. He is often associated with the Boston anarchist tradition. Spooner wrote on natural rights and law, and his work placed him among the notable American radical thinkers of the 19th century. He is remembered for his arguments against slavery and for writing in forms that were meant to reach a broad political audience, including essays and pamphlets.

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