Robert G. Ingersoll Quotes
The government, in my judgment, cannot create money; the government can give its note, like an individual, and the prospect of its being paid determines its value.
Ingersoll, Robert G. "Hard Times and the Way Out." The Works of Robert G. Ingersoll, Volume IX: Political. Dresden ed., C.P. Farrell, 1900, p. 116.
The very act of printing money created a debt—at the time and until the Nixon Administration which went off the gold standard—the government owed the gold or silver and the spicie—the printed money—was a promissory note.
At the time, there was no United States currency. Private banks in some of the states issued their own money. A dollar from Georgia might only be worth 75 cents in New York.
Stamp was a banker and the 2nd richest man in England at the time. Yet he warned about aspects of banking that needed reform and regulation.
Robert Green "Bob" Ingersoll was an American lawyer, a Civil War veteran, political leader, and orator of the United States during the Golden Age of Free Thought, noted for his broad range of culture and his defense of agnosticism. He was nicknamed "The Great Agnostic". Ingersoll was considered to be the greatest orator and political thinker of his day, but his overt atheistic views curtailed his elected political career.
