I am talking of coinage, not taxation, remember.
"Once in circulation the law would protect the money from being clipped or mutilated or melted down.

Once money, always money, and he who alters its money status we lock up as a felon.

There is no legal reason and no moral reason and no market reason to militate against what I have outlined as a policy.

Finance as a science is simpler than the science of soap-boiling, although the money-changers in the temple for their own selfish advantage prefer you to think otherwise." "Your wholesale consumption of gold," interrupted Senator Coot, "would raise the price of gold beyond measure." "Wherein would lie the harm?
So that it did not disturb the comparative prices of soap and pork and sugar and flour and lumber and on through the list of a world's commodities--and it would not--no one would experience either jolt or squeeze.

With wheat at a dollar a bushel, a reduction to ten cents a bushel would work no injury if at the same time every other commodity in its price fell ninety per cent.