As far as our? venerable Finance club is concerned, we're? fine with the move as long as $20 with Tubman has the same buying power as $20 with Jackson. So the mint better start printing asap.
I have communicated our views on the matter to the White House.
If this mischievous financial policy, which has its origin in North America, shall become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe.
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I have communicated our views on the matter to the White House.
If this mischievous financial policy, which has its origin in North America,
shall become indurated down to a fixture, then that Government will furnish
its own money without cost. It will pay off debts and be without debt. It will
have all the money necessary to carry on its commerce. It will become
prosperous without precedent in the history of the world. The brains, and
wealth of all countries will go to North America. That country must be
destroyed or it will destroy every monarchy on the globe.
- Bank of England 1865