"What is the effect of unlimited coinage of silver in this country? and I invite your attention to this particularly, because it is a question of vital importance"
- Richard Parks Bland
About this Quote
This quote by Richard Parks Bland is referring to the impact of limitless coinage of silver in the United States. He is stressing the importance of this issue, as it has a direct impact on the economy of the country. The limitless coinage of silver would suggest that the government would have the ability to produce a limitless quantity of silver coins, which would increase the money supply and lead to inflation. This might have an unfavorable effect on the economy, as it would reduce the value of the currency and make it more difficult for individuals to acquire items and services. In addition, it might cause an increase in the expense of living, as rates would increase due to the increased cash supply. Therefore, it is important to consider the effects of unrestricted coinage of silver in the United States, as it could have a substantial influence on the economy.
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