Bjorn Ulvaeus Quotes
If that doomsday scenario happens, will it help if you have heaps of paper money? I don't think so.
Ulvaeus, Björn. "Why We Should Banish Cash." The Guardian, 19 Sept. 2014.
At the time the United States was on the Gold Standard and all our money was backed by gold. Root and others were afraid that a Federal Reserve Bank, a proposal that was being debated in Congress, would cause a large amount of paper money to be printed which other nations would obtain through trade and then exchange that for American gold—a process which would deplete the American gold supply. A few years before, William Jennings Bryan had argued that the Gold Standard did not allow America sufficient ability to increase the money supply to serve the growing population and economy. See {640992}.
Conservatives are surprised to learn that their great economic nemesis was one of the early economists who saw the danger of paper money and government control over the minting of money which is one of their core concerns.
Much of the South during the Civil War lived in a fantasy universe where all the reality would not impinge upon them. Eggleston was an accomplished writer who had served in the Confederate army of the Civil War. 20 year after the war he wrote a series of articles for the prestigious Northern Atlantic Monthly trying to convey the war from the Southerner’s point of view. The South just kept printing money to take care of their perceived war and civilian needs without regard to the value of the money they were printing. Even in the 21st century collectors had a great deal of Confederate paper money, that had value only as a historical curiosity.
Björn Kristian Ulvaeus is a Swedish singer-songwriter, producer, a member of the Swedish musical group ABBA, and co-composer of the musicals Chess, Kristina från Duvemåla, and Mamma Mia!. He co-produced the films Mamma Mia! and Mamma Mia! Here We Go Again with fellow ABBA member and close friend Benny Andersson.
